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Leon, TX
I had no idea how straightforward and very simple it would be to sell mineral rights in Texas. Texas Royalty Brokers, represented by Eric Winegar provided guidance on the complete process. Confirming exactly how the TRB website described each step of the sales process. Eric and his staff followed up immediately on every question I presented. I had limited information about the value of the mineral rights prior to the final offer presented which exceeded my expectations. Working with TRB, I became educated about the process of selling mineral rights and convinced me I would never try to sell without having the representation offered by Texas Royalty Brokers.
Midland, TX
I had an excellent experience working with Eric Winegar at Texas Royalty Brokers. Eric was professional, knowledgeable, and responsive. He clearly explained every step and made the process easy and stress-free. His attention to detail and commitment to getting the best outcome for me exceeded my expectations. I highly recommend Eric and Texas Royalty Brokers to anyone needing trustworthy royalty services.
Leon, TX
Texas Royalty Brokers did Everything they said they would do. They communicated often, they always answered my questions quickly and I had a lot of questions.
Very professional company. They negotiated a very good price for my mineral rights.
I would recommend them highly.
Winkler, TX
I had an excellent experience with Eric Winegar and Texas Royalty. I found him to be very knowledgeable about big and small aspects of the industry and of my particular situation. He also was very timely in communications. I highly recommend them based on my experience.
Pecos, TX
I had a very good experience working with Eric and his team. Eric was very professional and due to his knowledge added a lot of insight into helping me sell my mineral interests. I was kept well informed on a weekly basis and once there was a buyer, Eric continued to help me understand the process. From the start to the finish, during the entire process I wasn’t ever disappointed. Eric has a great deal of experience and knowledge of mineral values and he also has many connections in the industry. If you are interested in selling minerals you own, I highly recommend you contact Eric and the good folks at Texas Royalty Brokers.
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Listing Title
Buy mineral rights in Reeves County Texas
Listing ID
401221
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: $126,592
- State : Texas
- County : reeves
- Legal Location : Section 6, Block C-8, PSL Survey
- Net Acres : 19.78
- Active Lease : No
- Royalty Rate : N/A
- Producing : no
- Average Income : N/A
Comments:
Update 4/2/25:
Sold
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Update 3/14/25:
Under Contract
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Update 3/6/25:
Price reduction. This was priced at $7,000/NMA or $138,460 and has been reduced to $6,400/NMA or $126,592. This seller is entertaining all offers.
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Update 2/18/25:
Price reduction. This was priced at $8,000/NMA or $158,240 and we have reduced to $7,000/NMA or $138,460 for this great location in Reeves County.
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This is an opportunity to buy mineral rights in Reeves County Texas with substantial upside. These mineral rights were leased for $300,000, or $6,000/NMA in 2018 for 3 years with an exceptional lease, but no drilling occurred.
The owner originally had 49.56 acres. When they leased these at $6,000/NMA, they rounded this up to 50 NMA which is why the lease bonus was a clean $300,000. The lease provided for a 25% royalty, pugh clause, continuous drilling clause, and a depth limit / release from lease 500′ below the deepest formation. This was a solid lease and highlights the strength of this area.
There is production in all locations surrounding this acreage. There is an active rig running just to the East. There are multiple DUC wells to the Northwest. We included a map which shows the lease activity from 2023 to present. While this activity is mainly to the North and East, it is very close to the subject acreage. When you take the large lease bonus and surrounding activity into account, this is excellent acreage that will fit perfectly into a long term hold portfolio in Reeves County.
It is worth noting that a lot of the wells in this area have substantial gas production. With natural gas prices on the rise, this is a great time to add this position to your portfolio.
The owner had 49.56 NMA, but sold 10 NMA in 2023. He now has 39.56 NMA remaining. Of that 39.56 NMA, he would like to sell 50% of his ownership or 19.78 NMA. However, if the price is right he would consider selling 100% of his remaining ownership being 39.56 NMA.
Title risk should be low here as the lease bonus of $300,000 should have required solid title work to be completed.
The starting bid price on this listing is $8,000/NMA. If you were to get a similar lease to the 2018 lease at $6,000/NMA, you would recoup 75% of your invest on the lease bonus alone! At $8,000/NMA and assuming a lease at 25%, you would be getting acreage in Reeves county at an effective $4,000/net royalty acre. If you received a lease bonus of $6,000/NMA, you would be getting acreage at just $1,000/NRA net of the lease bonus.
For this listing, we are requiring the following:
-
- Special Warranty Deed
- 30 Day Close
- All bids should be based upon 19.78 NMA unleased. Any adjustments over 10% must be mutually agreeable.
- Our closing process included in the PSA, which is: At closing, buyer will provide the mineral deed. The seller will execute the mineral deed and return it to Texas Royalty Brokers. Texas Royalty Brokers will provide buyer with a scanned copy of the deed, and buyer will then wire funds to seller and Texas Royalty Brokers respectively. Once funds are confirmed, Texas Royalty Brokers will overnight the deed to the Buyer.
- Buyer must close within 14 days or sign our qualified buyer agreement.
To view/download the listing files, please visit the link below:
We will begin accepting offers on January 28th, 2025.
All buyers are required to either do a 14 day close or sign our qualified buyer agreement once a deal has been verbally agreed upon. In certain situations, we may require a $5,000 to $10,000 earnest deposit at the sole discretion of Texas Royalty Brokers.
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 1/28/2025