I have an opportunity to buy 10 acres with surface rights and water rights in Ward County Tx. There are 4 existing pipelines running underneath the land and have been producing consistently since 2011 with no signs of slowing down. Based on the growth in that area potentially what is the opinion of the mineral rights forum on this? It’s just an heirloom purchase with no plans to do anything with the land. I don’t have mineral rights. I wanted to get sound opinions before I make a decision. Thank you in advance
4 pipelines running under 10 acres will severely restrict where you could build in the future due their right of way. Pipelines, unless you aren’t using the right terminology and I’m missing something, are a detriment in my opinion on this small of an acreage.
My 2 cents -
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Your opinion is appreciated. Thank you. I am looking at the potential purchase based on potential expansion of pipelines or utility easements. Based on my research with the growth and purchase of billions of dollars of projects coming in and around the area is why iam considering making the purchase. It’s a long-term hold.
Depends on what you are paying for it
16k.. CPV Basin Ranch billion dollar project 2 miles away. Tons on oil and gas projects in or near the area
If they are producing it sounds like wells vs pipelines. Do you know the depth of these four? If they are wells, where is the wellhead from your 10 acres? Does a deep 3 mile long well block building site above it or just near the wellhead?
The 10.06 acres is a part of 279 out of a total 577 acres under lease that is held by production from 4 active wells producing and operated by Anadarko E&P Onshore that was just purchased by Occidental a year ago I believe. There is the 34-172 Monroe that has a current depth of 11254. Also 34-172 is a depth of 10855. The next is also 34 172 depth 11181. The next is 34 172 also depth 11216. There is no 3 mile long well block building site or we’ll head. I am a novice at this but this is my best assumption. Below in the yellow block is the property in question. Thank you for your feedback as well. Really appreciated!
From the map you sent it doesn’t appear that the property abuts a public road. I would be concerned that the property may not have legal access. There could also be potential adverse possession issues.
While it may add to your closing costs, a survey and title search/title policy may be prudent to reveal title defects and protect your potential investment. A typical exception to a title policy (exclusion from coverage) is “parties in possession” aka adverse possession - but depending on the title company and the facts this exception can be removed with a physical inspection and/or affidavit.
Disclaimer: The information provided in this post is for general informational purposes only and does not constitute legal advice. Reading this post does not create an attorney-client relationship.
Thank you for your feedback. There was a survey done in 2020. There is legal access on all sides along with 20 ft easements in all sides. The acreage also has clear title and title insurance with Permian Basin Abstract Company in Monahan’s Tx. I made sure those things were verified even before moving forward.. Legal Access has been confirmed for all sides to and from property. Looks like some laterals may have a chance to be added in or around the acreage