Buy Mineral Rights in Lea County, New Mexico

Starting Bid: $47,500

• State : New Mexico
• County : lea
• Legal Location : Township 22S, Range 34E, Section 20
• Net Acres : N/A
• Active Lease : Yes
• Royalty Rate : 12.5%
• Producing : yes
• Average Income : $680/Month

Comments:

Update 10/24/2024:

Sold

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Update 9/24/2024:

Pending under contract

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Update 9/19/2024:

Accepting best and final offers through the end of the day Monday 9/23

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Update 9/11/24:

We have had inquiries as to whether we are representing a wellbore only interest or if this is an ORRI.  Nothing we have indicates that this is a wellbore only interest, and we believe it is a simple ORRI.  We represented this as a cash flow deal to highlight the fact that the starting bid price reflects the cash flow value alone with no upside considered.  This is assumed to be an ORRI, and all bids should be based on the NDI represented on the check stub, and no adjustments will be allowed unless mutually agreeable.

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This property is located in Lea County, New Mexico in a very active area.

Our client is in pay on 4 wells in the Gaucho Unit in Lea County.  This is an ORRI ownership that produces very consistent royalty income.

The average monthly income is $680/Month. We estimate an NRA of 10.02 for this ownership, but are listing this as a cashflow opportunity only, which presents an excellent opportunity for a buyer for a steady cashflow deal.

Important notes:

1. This seller is selling her royalty interest in Lea County only.
2. We are only conveying ownership that is on our client’s check stubs and the NDIs represented on her check stubs.
3. All bids should be based on cashflow value and we are allowing no adjustments to the purchase price on this listing.

For this listing, we are requiring the following:

1. Special Warranty Deed
2. 30 Day Close
3. No adjustments to purchase price.
4. 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.   
5. Buyer must close within 14 days or sign our qualified buyer agreement.

We will begin accepting offers on Tuesday, September 17th.

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

Download Files

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 $5,000 to $10,000 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.