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Client Reviews

Howard, TX

Rated 5 out of 5
August 15, 2023

Recently, I inherited some mineral rights and soon began receiving offers in the mail. Being new to the whole process, I was quite unsure about the best steps forward. After conducting some research, I decided to list the rights with Texas Royalty Brokers, and it was the best decision I made! The team provided me with comprehensive knowledge about the market, ensuring I had all the data in front of me to make an informed decision. Not only were they professional and thorough, but also transparent in all our dealings. The result? The offers I got through Texas Royalty Brokers were substantially higher than any of those I received in the mail. For anyone navigating the complex world of mineral rights, I can’t recommend Texas Royalty Brokers enough. Their expertise and commitment to clients are unmatched. The outcome speaks for itself. Thank you, Texas Royalty Brokers, for making this experience smooth and profitable!

Alexis H.

Reeves, TX

Rated 5 out of 5
July 17, 2023

Texas Royalty Brokers truly understood the value of my minerals and worked tirelessly to secure a deal that left me pleasantly surprised. They kept me informed throughout the process, with no confusing jargon or hidden agendas. Just honest and straightforward communication.

Albert K.

Reagan, TX

Rated 5 out of 5
May 11, 2023

Eric and his company did a fantastic job throughout my entire selling process. They are very knowledgeable, gracious, and efficient. Eric personally went above and beyond in communication to me and my family and I would recommend him and his company to anyone. I’m incredibly satisfied.

Sean G.

Dimmit, TX

Rated 5 out of 5
May 10, 2023

Worth every penny! I can’t say enough about what a pleasant experience this was, thanks to Eric Winegar. Being completely unfamiliar with how to go about selling our family’s mineral interests, I had no idea where to begin. Then I received a brochure in the mail from Texas Royalty Brokers. It answered many of my questions (as well as some I didn’t know I should have), so I checked out their website. I found a wealth of information there as well, so I filled out their online inquiry form. I quickly heard from Eric, provided a few royalty check stubs, and from there he literally took care of everything else.

Eric explained every step of the process along the way and answered all my rookie questions with the utmost professionalism. His experience and expertise in this industry is invaluable and I could not have imagined an easier process.

Lisa S.

Panola, TX

Rated 5 out of 5
May 4, 2023

Eric Winegar was incredible. He took time to pull together data and explained in great detail the specifics of our mineral interests. We had an offer that could have potentially been a horrible mistake and Eric saved the day! We are so grateful for the time he took to put everything together and explain it to where we could understand it. He is so knowledgeable!

Christi Potts

Blog Categories

Pecos County Texas Mineral Rights

Texas Star Seperator

Pecos County, Texas is located in the western part of the state and is known for its oil and gas production. Mineral rights ownership in the county refers to the ownership of the rights to extract oil and gas from the land. In Pecos County, mineral rights are often separated from surface rights, meaning that the person who owns the land may not own the rights to the minerals beneath it.

An interesting fact about Pecos County is that it is home to the world’s first rodeo, which was held in 1883 in Pecos.

In terms of total oil production, Pecos County has very strong oil and gas production. According to data from the Texas Oil and Gas Association, the top oil-producing counties in Texas in 2020 were Midland, Reeves, and Martin. However, Pecos County is still a significant oil-producing county in the state.

Estimating Mineral Rights Value in Pecos County

Texas Star Seperator

Estimating the value of oil and gas mineral rights in Pecos County can be a complex process, as it depends on several factors such as the location of the mineral rights, the production history of the area, and current market conditions.

Non-producing mineral rights, which are mineral rights that have not yet been leased or developed, are typically worth between $0 and $500 per acre. This is because there is no guaranteed income from these rights, and the value is mainly speculative.

Mineral rights that are leased, on the other hand, are worth 2x to 3x the lease bonus amount. The lease bonus amount is the initial payment made by the oil and gas company to the landowner in exchange for the right to explore and develop the mineral rights. The value of leased mineral rights is higher than non-producing rights, because there is a potential for income from royalties.

Finally, producing mineral rights are worth 3 to 6 times the 3 most recent royalty statements. Royalty statements are the income received by the mineral rights owner from the oil and gas production on their land. Producing mineral rights are worth more than non-producing or leased rights, as they provide a guaranteed income stream.

It’s important to note that this is a general overview, the value of mineral rights can also depend on the specific location, geology, production history and current market conditions. A professional mineral rights broker can help you to estimate the value of your mineral rights by helping you get competitive bids to establish a concrete market value.



How to find Mineral Buyers in Pecos County Texas

Texas Star Seperator
Finding mineral buyers can be a challenging task for mineral rights owners, as the process can be time-consuming and requires a certain level of knowledge and expertise.

Many mineral rights owners will receive letters in the mail from companies that are interested in purchasing their mineral rights. However, these offers are often low-ball offers, and it’s important for mineral rights owners to get multiple competitive bids to ensure they are getting a fair price for their assets.

One way to find mineral buyers is through a Google search. There are many companies that advertise their services online, but it’s important to note that these buyers may not be legitimate. It can be difficult to verify the credibility of these companies and the offers they make.

The best way to find mineral buyers is by listing the mineral rights at Texas Royalty Brokers. Texas Royalty Brokers is a well-established company that specializes in brokering high value mineral rights in Texas. They have a wide network of buyers and can help mineral rights owners to get the best price for their assets.

Inherited Mineral Rights in Pecos County?

Texas Star Seperator
Inheriting mineral rights in Pecos County can be a complex process, as it involves understanding the legal and financial aspects of owning mineral rights. When someone inherits mineral rights, they may not be familiar with the industry or the best way to manage their assets.

Many mineral rights owners who inherit mineral rights decide to sell them for a variety of reasons. One reason is that they may want to diversify their investments, as owning mineral rights can be a high-risk investment. Additionally, mineral rights ownership can be complicated and time-consuming, and some people may not have the expertise or desire to manage them.

Another reason why some mineral owners decide to sell inherited mineral rights is because of the tax advantages. When mineral rights are inherited, they are typically subject to step-up basis tax treatment. Selling the mineral rights can help to reduce the tax burden, as the proceeds from the sale may have very little tax impact.

Mineral Rights Taxes in Pecos County

Texas Star Seperator
Owning mineral rights in Pecos County can have significant tax implications, as mineral rights income is subject to federal and state taxes.

Royalties received from mineral rights are considered ordinary income and are taxed at the same rate as income from a job. This means that the income is subject to federal income tax and state income tax, and must be reported on the owner’s tax return.   This means most mineral owners will pay 30%+ combined tax rate for royalty income.

Inheriting mineral rights can also have tax implications. Inherited mineral rights receive a step-up in basis tax treatment, which means that the cost basis of the mineral rights is adjusted to their fair market value at the date of the owner’s death. This means that when the inherited mineral rights are sold, the capital gains tax will be based on the difference between the fair market value at the date of death and the selling price, rather than the original cost basis. This can result in a lower tax liability when selling inherited mineral rights.  We explain this in depth including example in our mineral rights tax article.

It’s important to note that tax laws are subject to change, and mineral rights owners should consult with a tax professional to understand the tax implications of owning mineral rights in Pecos County.

About Texas Royalty Brokers

Texas Star Seperator

If you’re thinking about selling mineral rights in Pecos County Texas, it’s important to work with a qualified professional who understands the industry. The process of selling mineral rights can be complex and time-consuming, and it’s essential to have an expert on your side to help you navigate the process and ensure you get the best price for your assets.

One company that can help you sell your mineral rights is Texas Royalty Brokers. Texas Royalty Brokers is a well-established company that specializes in brokering high value mineral rights in Texas.  We have a wide network of mineral buyers and can quickly get you competitive bids for your mineral rights. We can also help you to understand the value of your mineral rights and guide you through the process of selling them.

Working with a qualified professional is an important step to help you to get the best price for your mineral rights. We can quickly get you competitive bids and help you to understand the value of your mineral rights. This can help you to make an informed decision and ensure you get the best return on your investment.

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