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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.
Robertson, TX
Texas Royalty Brokers helped me and my family navigate some tricky inherited minerals. I had great peace of mind using them versus dealing directly with a buyer. Very satisfied experience.
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Listing Title
Buy Mineral Rights in Hockley County TX
Listing ID
401125
Listing Status
sold
This listing has been 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 SOLD. To protect our client’s privacy, the listing files are no longer available for download.
Listing Details
Starting Bid: $240,000
- State : Texas
- County : hockley
- Legal Location : Section 7, Abstract 275
- Net Acres : 82.2
- Active Lease : Yes
- Royalty Rate : 18.75%
- Producing : yes
- Average Income : $40/month
Comments:
The owner of these mineral rights in Hockley County Texas has some production coming from old vertical wells. This acreage is generating about $40/month in royalty income consistently.
While this acreage is somewhat fringe, at the price this being offered at the mineral buyers would be getting an exceptional deal when any new drilling occurs. This area is predominately a waterflood type drilling situation. The acreage is right next to some large waterfloods that have produced well.
While there are no active permits, we expect this area to be more productive going forward with higher oil and gas prices. Areas like this that were not economic at $40/barrel and $3/mcf are now back on the table.
The seller is willing to consider all offers. If you can’t get to the starting bid price, please throw out an offer. The seller wants to get this sold and is willing to make a deal.
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.
