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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
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