Ward County Texas Minerals for Sale

Starting Bid: $694,500

• State : Texas
• County : ward
• Legal Location : Block 34, Section 138, A-600 and A-1472
• Net Acres : 46.3
• Active Lease : Yes
• Royalty Rate : 12.5%
• Producing : yes
• Average Income : $2,570/Month

Comments:

Update: 11/5/2024

Sold

______________________

Update 9/30/2024:

Pending under contract

______________________

Update 9/25/2024:

Accepting best and final offers through end of day Friday 9/27/24

______________________

Here is an excellent property in Ward County, with great acreage, solid income and fantastic upside potential for a buyer.

We believe our client owns in the Underwood and Leavenworth Units in Ward County, Texas.  The Underwood Unit has 648.2 acres and the Leavenworth sits on top of the right side of the Underwood unit and extends somewhat below and is 473.3 acres. Due to the units overlapping, we are counting his NRA as the acreage in the Underwood unit, which we believe is 46.3 NRA.

There are 2 horizontal wells in these units on effectively 648 acre spacing.  This creates incredible upside for a buyer.  Surrounding units have a much larger number of wells on similar spacing.  The operator in these units is Oxy, which we believe ensures additional drilling will occur, it is just a matter of time.

Our client receives an average monthly income of $2,570 from his ownership in Ward County.

We have a starting list price of $694,500 for this property, which is only $15,000/NRA in this great Ward location.

Please note: Our client also is in pay for the Monroe Unit wells and we have included maps for this unit in our documents.  Our list price is in this listing is based solely on the Leavenworth and Underwood Units.  A buyer may also make an offer on the Monroe Unit ownership, but this should be separate from an offer on the Leavenworth/Underwood units.  The NDIs for the Monroe unit do not match on the check stubs vs tax rolls.  We have used the NDI on his check stubs, since that is what he is currently in pay on.

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 Tuesday, September 24th.

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.