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Client Reviews
La Salle, TX
They were so Great… always up front, they did all the work and we got a very fair price… Didn’t have to bother with all the calls of other brokers with bait and switch offers. TRB are the Only way to sell your royalties and get a fair price.
Reeves, TX
My experience with Texas Royalty Brokers was excellent. Communication at every step in the process was maintained. The price received for the royalties exceeded our expectations. The entire process was completed in six weeks. I’d recommend Texas Royalty Brokers to anyone that considers selling.
Harrison, TX
Texas Royalty Brokers was easy to work with and were able to answer all of our questions quickly. We had a pleasant experience working with them.
Howard, TX
Working with Eric Winegar was a wonderful experience. He was always available to answer questions and helped get us to our closing quickly. I would definitely work with him again.
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!
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Listing Title
Reeves County Texas - Mineral Rights For Sale
Listing ID
401198
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: $500,000
- State : Texas
- County : reeves
- Legal Location : Section 6, Block C7, Abstract 4878
- Net Acres : 50
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $8,100/Month
Comments:
Update: 8/29/24:
Sold
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Update: 7/25/24:
Pending under contract
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Update: 7/22/2024: Best and final offers are due by Thursday, July 25th by end of day.
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These mineral rights are located in Reeves County Texas. They are perfect for the PDP mineral buyer who wants an immediate ROI. The owner of these mineral rights has 50 NRA in a 639 acre unit. These mineral rights are generating an average royalty income of $8,100/month. These wells are 5.8 to 6.9 years old, meaning we are past flush production but the wells have decades of useful life remaining. This is a great opportunity to add some high quality royalty income to your portfolio.
A couple of important things to note on this listing:
- The seller currently owes past due taxes of $31,555 on the Johnny Ryall unit. The buyer will need to pay this off prior to closing. The starting bid price includes past due taxes and commission. Please provide your best total offer for the acreage, and at closing, the taxes and commission will be settled up out of your total offer, not in addition to it.
- The seller also owns surface acreage within the unit which they may consider selling. Any surface ownership is not part of the sale, but can be negotiated as a transaction outside the mineral rights.
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 must be mutually agreeable.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Thursday, July 18th.
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 7/18/2024