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Lea, NM
Wonderful experience! Highly recommend the Texas Royalty Brokers
Hemphill, TX
Emily and Eric are fantastic and very helpful. I know nothing about royalties, etc. They made it so easy, quick and painless. 5 out of 5 stars for sure!!!!
Lavaca, TX
Texas Royalty Brokers assisted me in a sale; they were straightforward and clear on the process; answered every question I had along the way….I would recommend them…
Shelby, TX
I found the team at Texas Royalty Brokers to be honest, competent, and focused on my needs. I plan on using them again and would not hesitate to recommend them.
Atascosa, TX
Around a year ago I received a brochure from Texas Royalty Brokers. I held on to it till this year. In speaking with the team at Texas Royalty Brokers it was clear to me to use their expertise. They were extremely knowledgeable and helpful in guiding me through this extensive process. I could completely recommend them to anyone interested in selling their minerals.
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Listing Title
Gaines County Texas Mineral Rights for Sale
Listing ID
401117
Listing Status
sold
This listing is SOLD. Please visit our listings page and set the status filter to “Active” to see currently active listings. If you want to buy mineral rights in Texas, sign up for listing notifications to receive emails when new listings are posted.
- 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
This listing is under contract. To protect our client’s privacy, the listing files are no longer available for download.
Listing Details
Starting Bid: $900,000
- State : Texas
- County : gaines
- Legal Location : Various legal locations, see attached.
- Net Acres : 212.6
- Active Lease : Yes
- Royalty Rate : 20%
- Producing : yes
- Average Income : $12,400/month
Comments:
If you have been looking for a cash flowing property this is the one!
The owner of these mineral rights has a large amount of acreage that is almost all producing. This acreage is part of a waterflood and has been a very consistent producer. The wells have already been producing for 10+ years so we are well past the initial decline of an oil and gas well. The mineral rights value on this acreage is based on the current cash flow.
Due the fact these wells are past flush production and consistent producers, the sellers are looking for an approximately 6 year pay back on their existing cash flow. These wells have been producing a very consistent $12,400/month in royalty income. It may fluctuate each month by +/- $500. The last 3 months of check stub detail is attached along with the last few years 1099’s to show how consistent the production has been.
The owner does not have any current offers to sell mineral rights on the table. They are interested in seeing what offers are out there. They are serious sellers. We are allowing a 7 day review period on this listing and will begin accepting offers shortly after.
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.
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.
