Gaines County Texas Mineral Rights for Sale

Starting Bid: $132,500

• State : Texas
• County : gaines
• Legal Location : Various, please see the attached map
• Net Acres : N/A
• Active Lease : Yes
• Royalty Rate : 12.5%
• Producing : yes
• Average Income : $3,041/Month

Comments:

Update:  4/6/2023

SOLD

________________________

Update:  2/21/2023

Accepting best and final bids by end of day on Thursday, February 23rd.

___________________________________

Update:  2/15/2023

Tomorrow we will begin accepting bids on this acreage.  We are expecting multiple bids based on initial feedback.  We will be leaving the bidding open until end of day on Monday, February 20th.   We will then discuss the bids with the seller, confirm they are prepared to move forward at the market prices we are seeing or better, and then circle back to buyers for a best and final opportunity if necessary.  Please feel free to hold your bids until Monday if you prefer.

___________________________________

This is a great opportunity to purchase some excellent cash flow that is extremely diversified.   The owner has production coming from approximately 150 vertical wells.   The monthly cash flow is averaging just over $3,000/month.    The owner receives income from 4 different operators, which are:  Jetta, Parallel, Sabinal, and Zarvona.

We have attached a wells table which shows all the wells currently in production.  We have spot checked the ownership data and found the owner in all of them that we spot checked.   While we believe the wells table is correct, this data should not be used as the basis for your offer.  There could be wells on the list which are NOT included in the sale, or there could be missing wells which ARE included in the sale.   The check stubs determine what is being sold.

We are not representing any specific number of acres on this listing.

This ownership is held in a Trust, and the Personal Representative (Donna) will execute the deed at closing.   We have attached the Will naming Donna as the PR.

All offers should be made a cash flow basis.  No adjustments will be allowed at closing unless mutually agreeable.

The starting bid price for this listing is $132,500, which at $3,000/month is a 3.7 year pay back.   This is a great opportunity to buy some nicely diversified royalty income.

To view/download the listing files, please visit the link below:

Download Files

We will begin accepting offers on Thursday, February 16th.

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.