Why Texas Royalty Brokers?
Selling mineral rights doesn’t have to be complicated. At Texas Royalty Brokers, we handle every step of the process so you can get maximum value with zero stress.
Our team works hard to deliver real offers, real value, and real results.
sellers
Texas Royalty Brokers
Popular Topics
Mineral Rights Report
Buyers
Receive new listing notifications?
Trusted by Mineral Owners
Leon, TX
I had no idea how straightforward and very simple it would be to sell mineral rights in Texas. Texas Royalty Brokers, represented by Eric Winegar provided guidance on the complete process. Confirming exactly how the TRB website described each step of the sales process. Eric and his staff followed up immediately on every question I presented. I had limited information about the value of the mineral rights prior to the final offer presented which exceeded my expectations. Working with TRB, I became educated about the process of selling mineral rights and convinced me I would never try to sell without having the representation offered by Texas Royalty Brokers.
Midland, TX
I had an excellent experience working with Eric Winegar at Texas Royalty Brokers. Eric was professional, knowledgeable, and responsive. He clearly explained every step and made the process easy and stress-free. His attention to detail and commitment to getting the best outcome for me exceeded my expectations. I highly recommend Eric and Texas Royalty Brokers to anyone needing trustworthy royalty services.
Leon, TX
Texas Royalty Brokers did Everything they said they would do. They communicated often, they always answered my questions quickly and I had a lot of questions.
Very professional company. They negotiated a very good price for my mineral rights.
I would recommend them highly.
Winkler, TX
I had an excellent experience with Eric Winegar and Texas Royalty. I found him to be very knowledgeable about big and small aspects of the industry and of my particular situation. He also was very timely in communications. I highly recommend them based on my experience.
Pecos, TX
I had a very good experience working with Eric and his team. Eric was very professional and due to his knowledge added a lot of insight into helping me sell my mineral interests. I was kept well informed on a weekly basis and once there was a buyer, Eric continued to help me understand the process. From the start to the finish, during the entire process I wasn’t ever disappointed. Eric has a great deal of experience and knowledge of mineral values and he also has many connections in the industry. If you are interested in selling minerals you own, I highly recommend you contact Eric and the good folks at Texas Royalty Brokers.
Mineral Rights Report
State Specific Guides
Resources
Blog Categories
Free Consultation
Get expert advice on your mineral rights with no pressure and no obligation.
Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
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
___________________________
Update: 11/21/2023
Under Contract
___________________________
Update: 11/17/2023
Best and Final bids are due by end of day on Tuesday, November 21st.
___________________________
Update: 11/14/2023
All bids due by Friday, November 17th at Noon.
___________________________
**************
Important: Acreage is mineral classified status.
**************
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