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Client Reviews
Reeves, TX
Texas royalty brokers did a fabulous job getting my property sold efficiently professionally and quickly. Eric and Emily were prompt with returning calls and emails and made the entire transaction seamless! I would certainly use them again.
Leon, TX
Texas Royalty Brokers did a fantastic job marketing and selling my mineral rights. Eric and Emily were extremely helpful and patient in answering all my questions and guiding me through the process. They basically did all the paperwork. I would definitely use them again!
Andrews, TX
Eric and his staff at Texas Royalty Brokers were amazingly helpful! Between finding the value of my minerals, finding buyers, and handling the contracts. I couldn’t imagine dealing with the processes without them.
Thank you so much Eric!!!
Mitchell, TX
Texas Royalty Brokers was great to work with! The offer exceeded my expectations! Eric and Emily were very clear and organized with the process and made it easy. I would definitely use them again!
Karnes, TX
My experience with Tx Royalty Brokers was excellent. They basically did all the work as promoting and marketing my asset. I ended up getting what I wanted – my net payout was a multiple of over 66 months of my present monthly royalty payments.
I would highly recommended Eric and Emily to anyone who is interesting in marketing their mineral or royalty interests.
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Listing Title
Reeves County Texas Mineral Rights for Sale
Listing ID
401166
Listing Status
sold
- 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.
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: $175,000
- State : Texas
- County : reeves
- Legal Location : Lots 9 and 16, Section 18, Block 55, T4S
- Net Acres : 10
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $3,233/Month
Comments:
Update: 12/15/2023
Sold
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Update: 11/21/2023
Under Contract
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Update: 11/17/2023
Best and Final bids are due by end of day on Tuesday, November 21st.
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Update: 11/14/2023
All bids due by Friday, November 17th at Noon.
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Important: Acreage is mineral classified status.
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This is an opportunity to buy some nice PDP acreage in Reeves County Texas.
The Laramie wells are operated by Andarko/Oxy, and represent the bulk of the royalty income. A number of wells were drilled in April 2021. The owner is also being paid for the Wendy State by Devon. The Wendy State ownership overlaps with the Laramie State wells.
This acreage is mineral classified, and the seller has a total of 10 net mineral acres / net royalty acres. Due to this being mineral classified, the land would also be included in the sale as required by law.
According to DI, we are showing another potential well, the Laramie State 22H, which is in drilled status. We can’t confirm whether this is an additional well that was actually drilled or whether DI is just showing incorrect information. If that well is drilled, this represents additional upside for this ownership.
This seller also has some additional ownership in Reeves County, the Johnny Ryall wells under Conoco, which are not included in the sale. The seller is unlikely to sell this acreage as they want to hold onto it for now, but you are of course welcome to throw out an offer for that portion. The average income for the Ryall wells is $6,500/month.
The starting bid price on this acreage is $175,000. This represents just a 4.5 year pay back. While the wells are still somewhat flush production, you also get the surface included on the sale.
All bids should be based upon the cash flow value. No adjustments will be allowed if more or less acreage is owned. This ownership seems pretty clear cut at 10 NMA/NRA.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Tuesday, November 14th.
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 11/14/2023