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Client Reviews
La Salle, TX
They were so Great… always up front, they did all the work and we got a very fair price… Didn’t have to bother with all the calls of other brokers with bait and switch offers. TRB are the Only way to sell your royalties and get a fair price.
Reeves, TX
My experience with Texas Royalty Brokers was excellent. Communication at every step in the process was maintained. The price received for the royalties exceeded our expectations. The entire process was completed in six weeks. I’d recommend Texas Royalty Brokers to anyone that considers selling.
Harrison, TX
Texas Royalty Brokers was easy to work with and were able to answer all of our questions quickly. We had a pleasant experience working with them.
Howard, TX
Working with Eric Winegar was a wonderful experience. He was always available to answer questions and helped get us to our closing quickly. I would definitely work with him again.
Ector, TX
I have had several correspondences over the recent past with Eric. Five stars is simply not enough! Navigating and trying to understand the mineral interests I inherited has been daunting, and further crazy with offers of purchase. Not knowing what to do or what to expect, I reached out to Texas Royalty Brokers and fortunately Eric responded to my inquiries. Has has been informative, up front, he has researched and quite honestly, has gone way above and beyond any expectations I had. Thank you, Eric!
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Listing Title
Reeves County Texas Mineral Rights for Sale
Listing ID
401156
Listing Status
not available
- Listing Posted - complete
- Listing Evaluation - in progress
- Accepting Offers - tbd
- Client Review - tbd
- Best and Final - tbd
- Under Contract - tbd
Please take a moment to learn more about each listing phase.
Listing Maps
Listing Files
Please click the download button below to view the listing files. Listing files include maps, check stubs, and other documentation.
Listing Details
Starting Bid: $800,000
- State : Texas
- County : reeves
- Legal Location : Please see attached map.
- Net Acres : 40.00
- Active Lease : Yes
- Royalty Rate : 25%
- Producing : yes
- Average Income : $1,592/Month
Comments:
Update: 6/15/2023
The seller has decided to retain the mineral rights.
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Update: 6/6/2023
Sale Pending
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This is an excellent opportunity to buy some core Reeves county acreage. This acreage is right on the border of Loving County. It is absolutely surrounded by permit and rig activity. It is operated by Anadarko.
The owner has 20 net mineral acres leased at 25% for total of 40 net royalty acres. Note: Our ownership estimate is showing net royalty acres assuming a 12.5% lease, but the lease from 2005 shows a 25% royalty.
There is currently just 1 well drilled on 657 acre spacing so there is room for a lot of additional wells. This is an great long term PUD play that also has current cash flow. The recent cash flow has been averaging around $1,600/month.
Offer should be based on 40 net royalty acres of ownership. The starting bid price for this listing is $800,000.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Tuesday, May 30th.
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.
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.
Accepting Offers on 5/30/2023