sellers
Texas Royalty Brokers
Popular Topics
Mineral Rights Report
Buyers
New Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
Client Reviews
Reeves, TX
I had the pleasure of doing business with Texas Royalty Brokers and I was very satisfied with the results! Emily was straightforward, quick to respond, and honest the whole way through. I highly recommend Emily, Eric and the team at Texas Royalty Brokers.
Karnes, TX
Emily and Eric were great! Very fast process! I had lots of questions and they were very responsive and gave lots of updates.
Upton, TX
Texas Royalty Brokers has to be one of the most efficient mineral brokers in the nation. Within a week of my listing I received a 30% increase against my highest offer trying to sell it on my own. A very concise, smooth experience from start to finish.
Montrail, ND
I had a issue with my mineral rights and Eric was the ONLY broker to give me a fast and straight-forward response that actually helped … and I reached out to quite a few. I will definitely work with Texas Royalty Brokers again and recommend them to anyone with mineral rights.
Crockett, TX
I worked with Emily, who was extremely knowledgeable about all aspects of the sale, from current and prospective activity on the property to evaluating the market. The sale was swift and went above the posted price. I was ambivalent about selling my mineral rights, but the experience was very good and reassured me I’d made the right choice.
Blog Categories
Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
Listing Title
Buy mineral rights in Reeves County Texas
Listing ID
401229
Listing Status
not available
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - in progress
- Client Review - tbd
- Best and Final - tbd
- Under Contract - tbd
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: $950,000
- State : Texas
- County : reeves
- Legal Location : Block 13, Section 297
- Net Acres : 53.29
- Active Lease : Yes
- Royalty Rate : 25%
- Producing : no
- Average Income : N/A
Comments:
Update 3/19/2025:
The seller elected to accept an offer they received prior to listing.
________________
This is a great opportunity to buy core acreage in Reeves county with massive upside potential. This area is absolutely surrounded by activity. There are DUC wells in all directions and most units in this area have already been very drilled up. It’s only a matter of time before additional drilling takes place on this acreage.
The sellers just signed a very strong lease in September 2024 for the deep rights. This lease includes a no-deduction clause, continuous drilling clause, etc.. It provides a 25% royalty rate and is very strict on what the operator can and can’t do.
It’s worth noting that the section just North is also clear. This gives an operator a great opportunity to drill some long laterals on 1,280 acre spacing.
There are two old horizontal wells that were around 10,000′. These wells are under a different lease. Unfortunately, we do not have access to that lease agreement. These wells are inactive. The new leased from 2024 was related to wells deeper than this lease.
Looking at the tax roll, the seller had a total of 53.29 NRA in the older horizontal wells. Our ownership estimate is attached. The assumption is that the lease from 2014 was at 25%. If that lease was at a lower royalty rate, the seller would actually higher a higher NRA in the deep rights.
All bids should be based on 53.29 NRA as to all depths. If the seller had a lower than 25% lease royalty rate in the shallow rights, and therefore has a higher NRA ownership in the deep rights, the offer would need to adjust for this accordingly.
For this listing, we are requiring the following:
-
- Special Warranty Deed
- 30 Day Close
- Any adjustments to the purchase price 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 Tuesday, March 11th
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 $25,000 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 3/11/2025