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FS Little Piece of Ground in Texas #14599646 02/23/20
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Brazos Offline OP
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McCaulley

53 acres 40 miles north of Abilene.

As you can see from the pictures in the link, mostly in dry land cultivation. 5 or 6 acres (maybe a little more) in old overgrown pasture. Mesquite and cactus now.

This is what is left of a quarter section my grandmother and two of her sisters owned.

I saw some deer sign last time I was there, and evidence of pigs rooting up prickly pear.

We are retaining the mineral rights.

It is listed, and will most likely sell to one of the neighbors. Just wanted to throw it out there for your perusal.

Regards,
Bob.

Last edited by Brazos; 02/23/20. Reason: added mineral rights note
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Re: FS Little Piece of Ground in Texas [Re: Brazos] #14599780 02/23/20
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I see you retain rights to the minerals. Back in the early '50s my great grandfather bought 40 acres in Michigan's UP. He used the property as a winter haven to hunt deer and bear. Some 9 or 10 years after he owned the land he drove there to find the land clear cut. The seller (lumber company) had apparently retained rights to the lumber. We still have the land but now we have a neighbor 10 miles away that let's us know when it gets cut. Seems odd to me that we paid fair market value and we pay taxes twice a year yet the lumber company still makes money off OUR land.

Thanks, Dinny


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Re: FS Little Piece of Ground in Texas [Re: Brazos] #14599814 02/23/20
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okie Offline
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read the fine print....


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Re: FS Little Piece of Ground in Texas [Re: Brazos] #14599820 02/23/20
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RickyBobby Offline
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I would never purchase land without full rights


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Re: FS Little Piece of Ground in Texas [Re: RickyBobby] #14599834 02/23/20
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vic2367 Offline
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Originally Posted by RickyBobby
I would never purchase land without full rights



yup

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Re: FS Little Piece of Ground in Texas [Re: Brazos] #14599859 02/23/20
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Texasdude29 Offline
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Without mineral rights the price drops quickly in Texas!!!!

Re: FS Little Piece of Ground in Texas [Re: Brazos] #14599889 02/23/20
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Brazos Offline OP
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Yeah, didn't mean to mislead. We are retaining the mineral rights, and I edited the original post. My cousin's Dad made her promise she would retain them if she ever sold.

Anyway, don't NEED to sell. We can go on leasing it for farming and let the next generation deal with it.

And it is listed at pretty much the going rate w/o mineral rights.

Re: FS Little Piece of Ground in Texas [Re: okie] #14599973 02/23/20
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SupFoo Offline
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Originally Posted by okie
read the fine print....

^^^ This ^^^

Re: FS Little Piece of Ground in Texas [Re: SupFoo] #14600018 02/23/20
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Originally Posted by SupFoo
Originally Posted by okie
read the fine print....

^^^ This ^^^


And what fine print might that be?

Re: FS Little Piece of Ground in Texas [Re: RickyBobby] #14600039 02/23/20
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dale06 Offline
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Originally Posted by RickyBobby
I would never purchase land without full rights


Agree 100%
I bought some land in KS in 09.
Seller wanted to keep mineral rights. I told him to keep the land. He changed his mind. I then bought it.


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Re: FS Little Piece of Ground in Texas [Re: Brazos] #14600242 02/23/20
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Good idea, but unless you have a very large pocket full of money, you ain't buying mineral rights in most places in Texas, for obvious reasons.


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Re: FS Little Piece of Ground in Texas [Re: JGRaider] #14600294 02/23/20
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jlboykin Offline
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Originally Posted by JGRaider
Good idea, but unless you have a very large pocket full of money, you ain't buying mineral rights in most places in Texas, for obvious reasons.


It’s still north of $25,000/net mineral acre in the Permian. Still north of that in the Delaware. Get out of the sweet spots and it falls quickly.

Re: FS Little Piece of Ground in Texas [Re: Brazos] #14601124 02/24/20
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DakotaDeer Offline
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Is there an easement for access onto the property?

Re: FS Little Piece of Ground in Texas [Re: RickyBobby] #14601133 02/24/20
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dkhnt Offline
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I'm not saying it doesn't happen but good luck on that in Texas.

Last edited by dkhnt; 02/24/20.

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Re: FS Little Piece of Ground in Texas [Re: jlboykin] #14601152 02/24/20
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Originally Posted by jlboykin
Originally Posted by JGRaider
Good idea, but unless you have a very large pocket full of money, you ain't buying mineral rights in most places in Texas, for obvious reasons.


It’s still north of $25,000/net mineral acre in the Permian. Still north of that in the Delaware. Get out of the sweet spots and it falls quickly.



Mineral rights in some of the Wolf Camp zone in west Texas were worth $60k per acre to oil companies for drilling/production leases.

The Eagle Ford in S. Texas was $40-50k.

That being said, in this day and age, unless you are in an area that has shifting formations, they pretty much know what's under your land as far as oil and gas.

Partial mineral rights with land sales is far more common than "no mineral rights".

You can retain half the mineral rights and sell the other half with the land. (Or whatever percent is agreed on)


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Re: FS Little Piece of Ground in Texas [Re: DakotaDeer] #14601154 02/24/20
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Originally Posted by DakotaDeer
Is there an easement for access onto the property?



Looks like a county road on the south side, there's your access.


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Re: FS Little Piece of Ground in Texas [Re: Brazos] #14601162 02/24/20
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Dryfly24 Offline
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Buying land without mineral rights is almost like buying a house where the former owners retain the right to come in whenever they want. Still people do it.

Re: FS Little Piece of Ground in Texas [Re: Dryfly24] #14601496 02/24/20
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Originally Posted by Dryfly24
Buying land without mineral rights is almost like buying a house where the former owners retain the right to come in whenever they want. Still people do it.



Kinda.

But you get paid for them doing so.

Surface damages.

I sure hope a pipeline company wants to put a wide pipeline easement through my ranch before long... smile

Or build a well location, facility sight, or even run a seismic survey. wink

I've seen some pretty small scale landowners written checks that would stagger you.


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Re: FS Little Piece of Ground in Texas [Re: JGRaider] #14601647 02/24/20
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10ring1 Offline
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In PA, u ain't touching land with mineral rights under $8-10000/ac


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Re: FS Little Piece of Ground in Texas [Re: Brazos] #14601738 02/24/20
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taylorce1 Offline
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I'd say the access is good as well, but what about access to drinkable water and electricity? What's the average cost for septic in that part of TX? What does property tax run per year? Will the property taxes go up if the land is developed for its minerals? Also how active is that small airport that is very near the east side of the property? What was the agricultural income from the property for the last 5-10 years?

I'm not interested in the property (don't have that kind of disposable money right now), but those are just the top of the list questions I'd ask before considering any rural property.

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