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Reeves, TX
My experience working with Texas Royalty Brokers has been exemplary. They exceeded my expectations. Highly recommended.
Reeves, TX
Texas Royalty Brokers did a fantastic job helping us sell our mineral interests. They were extremely knowledgeable, responsive, and transparent throughout the entire process. They explained everything clearly, kept us updated every step of the way, and helped us secure a very fair deal. We felt confident and well represented from start to finish. I highly recommend them.
Shelby, TX
Emily and Eric were extremely helpful throughout the entire process from start to finish. Very good at explaining the process and keeping me updated on where things were. Appreciate their help in making this a smooth and productive transaction!
Leon, TX
Texas Royalty Brokers were very professional and got the job done!
Hats off to Texas Royalty Brokers!!
Lea, NM
Emily and Eric really did a good job guiding us through the process to sell our mineral rights.
They found a buyer quickly, and even though our records were old and scattered, taking longer than usual to document things, they patiently worked with us to complete the sale. They are the best. Ken Flake.
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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.
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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.
