sellers
Texas Royalty Brokers
Popular Topics
Mineral Rights Report
Buyers
New Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
Client Reviews
Glasscock, TX
I enjoyed working with Emily and Eric. They did exactly what they said they would do. They were very professional and communicated well. I would recommend them to anyone looking to sell their mineral rights.
Ward, TX
Eric and Emily were a pleasure to work with. I was able to quickly sell my resources for top dollar!
Lea, NM
Wonderful experience! Highly recommend the Texas Royalty Brokers
Hemphill, TX
Emily and Eric are fantastic and very helpful. I know nothing about royalties, etc. They made it so easy, quick and painless. 5 out of 5 stars for sure!!!!
Lavaca, TX
Texas Royalty Brokers assisted me in a sale; they were straightforward and clear on the process; answered every question I had along the way….I would recommend them…
Blog Categories
Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
Listing Title
Mineral rights for sale in Reeves County
Listing ID
401175
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: $200,000
- State : Texas
- County : reeves
- Legal Location : Multiple, please see maps
- Net Acres : 14.52
- Active Lease : Yes
- Royalty Rate : 25%
- Producing : yes
- Average Income : $2,300/Month
Comments:
Update: 4/4/2024
Sold
_________________________
Update: 3/20/2024
Sale Pending
_________________________
Update 2/5/2023
We have updated the listing price higher from $160,000 to $200,000. This updated starting bid price is based upon a mailed offer that was received prior to listing, but was not reflected in the starting bid price.
_________________________
We believe the owner has 14.52 net royalty acres in an excellent location in Reeves County. Some of this acreage is pretty drilled up, but there is large upside potential in the Robertson State Unit, with only 1 well drilled on 637 acres, leaving plenty of space for additional wells. The seller has 1.5 net royalty acres in the Robertson State Unit.
These wells are producing, creating $2,300 a month average royalties for this seller. These wells are past the initial decline and should be solid income producing wells for a very long time. The seller believes they are leased at a 25% royalty rate.
All bids should be based upon cash flow value, no adjustments will be allowed unless the net decimal interest is lower than what the seller is in pay on. If less NDI is proven in title, only the NDI proven in title would convey. Any adjustment over 10% must be mutually agreeable.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Wednesday, February 7th.
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 2/7/2024