Mineral rights for sale in Upton County

Starting Bid: $235,000

• State : Texas
• County : upton
• Legal Location : Block C, Section 53, Abstract 37
• Net Acres : 10.74
• Active Lease : Yes
• Royalty Rate : 12.5%
• Producing : yes
• Average Income : $526/Month

Comments:

Update 11/12/2024:

Sale pending

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Update 11/8/2024:

We are accepting best and final offers for this listing through end of day Tuesday 11/12/2024.

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This listing includes mineral rights for sale from two relatives with identical ownership in Upton County, TX.

We believe our clients each own 5.37 NRA and are selling together for a total of 10.74 NRA.  These mineral rights currently bring in a combined average of $526/Month in royalty income.

These clients own in the JoeHanks unit, which we believe is a 644 acre unit.  They also own in the Vanessa P1 and Vanessa 5232 B units, which overlap the JoeHanks unit, therefore we are only counting the JoeHanks acreage, with a total of 7 active wells.

There were 7 new permits filed in 10/2024!    These permits run through the JoeHanks unit and we believe our clients will be in pay on these wells when they come online, as they have been in pay in all active and inactive wells in the unit.

This is an excellent property with steady royalty income, good NRA and fantastic potential future upside.

Note: one of the relatives does have a small ownership in a nearby unit – Kashmir AX, that ownership will be bundled into this sale and included in the purchase price. We have included the info from the tax rolls to show NDI in our attached files.

For this listing, we are requiring the following:

1. 1. Special Warranty Deed
   2. 30 Day Close
   3. Any adjustments to purchase price over 10% must be mutually agreeable on a tract by tract basis.
   4. 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.   
   5. Buyer must close within 14 days or sign our qualified buyer agreement.

To view/download the listing files, please visit the link below:

Download Files

We will begin accepting offers on Wednesday, November 6th.

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.