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Lea, NM
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Listing Title
Buy Mineral Rights in Culberson County Texas
Listing ID
401169
Listing Status
sold
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - complete
Please take a moment to learn more about each listing phase.
Listing Maps
Listing Files
Please click the download button below to view the listing files. Listing files include maps, check stubs, and other documentation.
Listing Details
Starting Bid: $107,500
- State : Texas
- County : culberson
- Legal Location : Block 45, Section 4, Abstract 6854
- Net Acres : 11.75
- Active Lease : Yes
- Royalty Rate : 20%
- Producing : yes
- Average Income : $960/Month
Comments:
Update: 2/26/2024
Sold
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Update: 2/21/2024
Sale Pending
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The owner of these mineral rights has 11.75 net royalty acres in Culberson County Texas.
These mineral rights are currently generating income of $960/month consistently. There are three producing wells on 640 acre spacing, leaving additional room for more drilling in the future. This acreage is right on the border with Reeves County. There is a lot of rig and permit activity to the North and East of this location.
We have attached a copy of the lease agreement which shows a 20% royalty rate. However, we are calculating the number of acres at 11.75 net royalty acres.
The owner would like to start the bidding at $107,500 for this ownership. All bids should be based on the net decimal interest represented on the check stubs or the NRA represented. Adjustments will be allowed, but must be limited to no more than 10% of the expected NDI/NRA represented.
****Note: We believe the seller does own surface in this area. This sale is for mineral rights only.****
In addition to the ownership in Culberson County, the owner also has mineral rights to the Northeast in Reeves County Texas. The income from the Reeves ownership is included on the check stubs. We have also included the NRA calculation for Reeves in the ownership estimate as well. While the seller is not interested in selling Reeves at this time, they have indicated they will entertain offers for the right price if you want to submit a bid for that portion.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Wednesday, January 17th.
All buyers are required to either do a 14 day close, make a $5,000 deposit, or sign our qualified buyer agreement once a deal has been verbally agreed upon.
The mineral owner has exclusively listed with Texas Royalty Brokers. Please do not contact the mineral owner directly. To make a bid or ask questions about this listing, please contact Texas Royalty Brokers using the contact form below. Our team will quickly be in touch.
We have other mineral rights for sale.
Exclusitivity Notice
All listings posted at Texas Royalty Brokers are exclusive. The seller has agreed to exclusively sell through our company and will become personally liable if you close a deal directly with the seller. Please direct all offers and communication directly to Texas Royalty Brokers.
Accepting Offers on 1/17/2024