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
Lea, NM
Emily and Eric really did a good job guiding us through the process to sell our mineral rights.
They found a buyer quickly, and even though our records were old and scattered, taking longer than usual to document things, they patiently worked with us to complete the sale. They are the best. Ken Flake.
Robertson, TX
Texas Royalty Brokers helped me and my family navigate some tricky inherited minerals. I had great peace of mind using them versus dealing directly with a buyer. Very satisfied experience.
Houston, TX
Texas Royalty Brokers was very helpful to me in evaluating the mineral rights owned by the estate of an old man for whom I am the executor, even though they probably knew very quickly I would not end up as a client.
Stephens, TX
I had the pleasure of working with Texas Royalty Brokers LLC this past month. From the beginning to the very end and everything in between, they were very communicative, responsive and helpful. They explained every part of the process and helped when I needed something. They made the whole process simple and easy. By using Texas Royalty Brokers LLC, I was able to get 2 times the amount I was offered by others or on my own.
Harrison, TX
Eric and Emily are very good at taking care of clients. I found them after researching companies to help me with selling. The reviews I found convinced me to give them an opportunity and I am thankful.
Emily was true to her word from the beginning to the completion. I am so pleased with her that if I choose to sell other property, I will definitely contact her and trust her judgement in my accounts.
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
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
________________________
Update: 7/25/24:
Pending under contract
________________________
Update: 7/22/2024: Best and final offers are due by Thursday, July 25th by end of day.
________________________
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