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Client Reviews
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!
Gonzales, TX
Working with Texas Royalty Brokers was seamless. They are helpful, communicative, transparent, and efficient. I did a sale on my own and one with Texas Royalty Brokers and would recommend doing the process with them!
McMullen, TX
Texas Royalty Brokers is an outstanding firm that went above and beyond my expectations.
Eric and Emily were able to negotiate the value of my minerals more than I expected to receive, as well as, expedite the process with ease.
I am thankful for all their hard work.
If you’re considering selling minerals in Texas, do yourself a favor and contact them.
San Augustine, TX
I cannot say enough positive things about my experience with Texas Royalty Brokers! Eric was always responsive to my many questions and guided me expertly through what was a foreign process to me. I highly recommend Texas Royalty Brokers to anyone who is interested in selling mineral/royalty rights.
Hemphill, TX
Eric and Emily were awesome! Very professional, informative and kept me informed and up to date on proceedings. Had a great experience!
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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
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Update: 3/20/2024
Sale Pending
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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.
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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