Buy mineral rights in Upton County Texas

Starting Bid: $1,860,000

• State : Texas
• County : upton
• Legal Location : Section 19, Block 40, T5S, Abstract 461 Section 72, Block C, Abstract 898 Section 81, Block D, Abstract 51 Section 82, Block D, Abstract 901 Section 83, Block D, Abstract 52
• Net Acres : 80.69
• Active Lease : Yes
• Royalty Rate : 12.5%
• Producing : yes
• Average Income : $1,195/Month

Comments:

Update:  7/14/2026

The seller has decided to retain their interest at this time.

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Update: 6/23/2026

After multiple buyers retracted their original offers, this listing is now back on the market at a reduced asking price.   This asking price is a firm asking price.  If any bids come in lower than the asking price, the seller will simply hold onto the ownership and collect the royalty income from the new DUC wells in Section 19.

Important – All buyers will be required to do the following after a deal is verbally agreed upon:

1.  Agree to the PSA terms listed below, including a 30 day close and 10% adjustment language.
2.  Agree to a $10,000 (minimum) earnest money deposit.   Refundable only with a full title report showing a title failure greater than 10%.

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Upton County Texas Mineral Rights for Sale in 2026

This is a rare opportunity to buy tier one acreage in the heart of Upton County Texas.  There are two siblings with identical ownership who both wish to sell 100% of their ownership in the sections listed.

The sellers have acreage spread out across multiple sections in Upton County. We believe the sellers have a combined 80.69 net royalty acres.  This acreage has substantial upside potential, and one section currently has 8 DUC wells with active drilling for a 9th well.   This is activity is happening in Section 19 where we believe the sellers have a combined 18.18 net royalty acres.   The NE/4 of the Section has 7 DUC wells with an 8th being drilled. The SE/4 has 1 DUC well with active permits in the area.

In section 19, there is no active well or activity in we see a combined 18.18 NRA in the SW/4, NW/4, and SE/4.  There will be more potential upside in the SW/4.

In addition, the NW/4 of Section 19 has no active production or historical well.  We do not know if there is any ownership here, but we think it’s at least possible there is some additional acreage here.

The other 4 sections of ownership also have substantial upside potential.  With the spacing in this area, we believe there is still plenty of room to drill a lot more wells in Section 72, 81, 82, & 83.

In terms of cash flow, the sellers receive income from 3 operators in this area.  These include Chevron, Conoco, and Ovintiv.

Important: You will note the Conoco check stubs are very large at over $35,000/month.  The sellers have additional ownership for sale that is not included in what is being sold.  The vast majority of the Conoco income is related to ownership in the locations not being sold.  This income is very flush.  We have more information below on this income.

With AI assistance, we estimate the income being sold to be around $597/month each, or $1,195 combined monthly income.  The value here is in the upside.  We did spot check the AI estimate of income related to what is being sold, and we feel it’s accurate, but it is up to the buyer to verify the monthly income associated with what is being sold.

Important:  If you look at the deductions, there are very little to none.  While we don’t have the underlying lease agreements available, it appears the base lease agreements are cost free which further increases the value of this ownership.

Other Ownership:  The sellers are retaining their ownership in all locations not listed in the legal description.  This acreage is very flush.  It will be difficult for the sellers to part with this acreage given the flush production.  However, if you want to submit an offer on this acreage, they are willing to at least take a look.  If they get something compelling, they will at least consider a sale.

This package gives the buyer immediate upside with longer term upside from the 4 additional section of ownership.

All bids should be based on the NDI represented on the check stubs.  We have provided an ownership estimate of the net royalty acres owned.  However, all bids should be based on the NDI on the check stubs.  No adjustments will be allowed on the basis of the NRA.  Any adjustments would have to be based on the NDI being paid by the operator being incorrect.  Seller will retain any NDI that you do not believe they own.  

Please note that our bidding process will be followed on this listing. Our bidding process is designed to create a fair and transparent process for all buyers.  We do not give preference to any particular buyer.    There is no take it down price on this listing or any other listing we post.  No buyers will be given a last look or the ability to call at the last minute and outbid the best offers we have received.

We respectfully ask that you take just a few moments to review our bidding process:
Texas Royalty Brokers – Bidding Process

For this listing, we are requiring the following:

1. 1. Special Warranty Deed
   2. 30 Day Close
   3. Any adjustment to the purchase price greater than 10% must be mutually agreeable. All bids based on NDI on the check stubs.
   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 Thursday, June 4th. 

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.