Buy mineral rights in Reeves County Texas

Starting Bid: $76,000

• State : Texas
• County : lavaca
• Legal Location : A-459
• Net Acres : 32.93
• Active Lease : Yes
• Royalty Rate : 12.5%
• Producing : yes
• Average Income : $1,745/Month

Comments:

If you have been looking to buy mineral rights with solid royalty income, this is your opportunity!

These mineral rights are located in Lavaca County Texas.   We believe the seller is in pay on 68.86 NRA total and wishes to sell 50% of her ownership or 32.93 NRA.

In the attached wells table and check stubs, you can see the seller is in pay on around 22 wells offering excellent diversification.  The wells vary from 2.3 years old to 10.6 years old meaning you will have royalty income for decades to come.

In addition to the current royalty income, there are also 2 DUC wells (Corellia) which directly pass over the Amber unit and Porter unit.  While we don’t know exactly how much the sellers interest will be in these wells due to them being PSA/Allocation wells, it appears most of her ownership is in the area directly where these wells cross in the Amber and Porter units.  This should provide some very nice upside as soon as those wells come online.

While there is upside here, all bids should be based upon the cash flow being generated since the value here is predominately in the cash flow.

Additional notes on this listing:

**It’s possible the seller may inherit additional mineral rights in this location in the future.  The deed needs to be specific to what is currently owned today.

**No land / surface conveys with this ownership.  While we believe some land has already been sold, it’s possible the seller stills retains surface ownership in other tracts and this would not convey with the sale.

**Past Due Taxes –   The seller is aware that there are past due taxes related to these mineral rights.  These taxes are related to 2024 so they are not very behind.  The amount owed is around $1,100.  At closing, the buyer will pay off the taxes out of the amount due to the seller.   We have attached the past due amount in the attached images.

For this listing, we are requiring the following:

1. 1. Special Warranty Deed
   2. 30 Day Close
   3.  No adjustments to the purchase price unless mutually agreeable
   4. Buyer to pay off past due taxes out of seller proceeds at closing
   5. Our closing process included in the PSA, which is:   At closing, buyer will provide the mineral deed.  The seller will execute the mineral deed and return it to Texas Royalty Brokers.  Texas Royalty Brokers will provide buyer with a scanned copy of the deed, and buyer will then wire funds to seller and Texas Royalty Brokers respectively.  Once funds are confirmed, Texas Royalty Brokers will overnight the deed to the Buyer.   
   6. Buyer must close within 14 days or sign our qualified buyer agreement.

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

Download Files

We will begin accepting offers on Thursday, March 27th.

All buyers are required to either do a 14 day close or sign our qualified buyer agreement once a deal has been verbally agreed upon.  In certain situations, we may require a $25,000 earnest deposit at the sole discretion of Texas Royalty Brokers.

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.