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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.
Houston, TX
Texas Royalty Brokers was very helpful to me in evaluating the mineral rights owned by the estate of an old man for whom I am the executor, even though they probably knew very quickly I would not end up as a client.
Stephens, TX
I had the pleasure of working with Texas Royalty Brokers LLC this past month. From the beginning to the very end and everything in between, they were very communicative, responsive and helpful. They explained every part of the process and helped when I needed something. They made the whole process simple and easy. By using Texas Royalty Brokers LLC, I was able to get 2 times the amount I was offered by others or on my own.
Harrison, TX
Eric and Emily are very good at taking care of clients. I found them after researching companies to help me with selling. The reviews I found convinced me to give them an opportunity and I am thankful.
Emily was true to her word from the beginning to the completion. I am so pleased with her that if I choose to sell other property, I will definitely contact her and trust her judgement in my accounts.
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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