This 1280 acre investment opportunity will convey all surface and mineral rights plus a significant income from existing oil and gas production.
Size: 1280 acres
Terrain: This gently sloping to low rolling hills ranch has a cover of juniper and mesquite trees. These 2 sections lay a checkerboard fashion, corner to corner, and not all boundaries are completely fenced.
Water: There is one, water well with disconnected windmill and pump. At this time it is not operating.
Minerals: Sellers will convey all minerals and the existing production. There is significant royalty income at present. There is also a gas compressor station lease. Production data can be obtained upon request. This ranch, with its producing minerals lies in the active sprayberry trend area of Irion County Texas. Even with lower oil prices, activity in this area continues to be good and ongoing. There is 480...+ Show More
Location: The ranch location is on FM highway 2469 approximately 7.5 miles west of Mertzon, Texas. There is one mile of highway frontage.