# Land Sale
**URL:** https://www.mineralrightsforum.com/t/land-sale/22689
**Category:** Reeves County, TX
**Created:** [October 1, 2011, 8:48pm UTC](https://www.mineralrightsforum.com/t/land-sale/22689 "2011-10-01T20:48:24Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@J\_Matthews](https://www.mineralrightsforum.com/u/J_Matthews)
#### Post date: [October 1, 2011, 8:48pm UTC](https://www.mineralrightsforum.com/t/land-sale/22689/1 "2011-10-01T20:48:24Z")
I am considering selling my land/mineral rights (14 miles NW of Pecos).
Does anyone have any advice on how to determine the value of the property?
It is currently under lease.
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### Author:  [@Louise\_Welch2](https://www.mineralrightsforum.com/u/Louise_Welch2)
#### Post date: [October 2, 2011, 2:54am UTC](https://www.mineralrightsforum.com/t/land-sale/22689/2 "2011-10-02T02:54:26Z")
How many acres do you have? I might be interested in purchasing the land. What is the legal description? What block, Section, Township?
Thanks,
Louise
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### Author:  [@Scott\_Takacs](https://www.mineralrightsforum.com/u/Scott_Takacs)
#### Post date: [October 2, 2011, 3:56am UTC](https://www.mineralrightsforum.com/t/land-sale/22689/3 "2011-10-02T03:56:46Z")
I am definitely interested in your minerals. PM with the legals etc., and I’ll get back to you with an offer. Nothing determines value like what somebody else is willing to pay!
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### Author:  [@J\_Matthews](https://www.mineralrightsforum.com/u/J_Matthews)
#### Post date: [October 2, 2011, 11:42am UTC](https://www.mineralrightsforum.com/t/land-sale/22689/4 "2011-10-02T11:42:56Z")
Will send info.
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### Author:  [@J\_Matthews](https://www.mineralrightsforum.com/u/J_Matthews)
#### Post date: [October 14, 2011, 2:10pm UTC](https://www.mineralrightsforum.com/t/land-sale/22689/5 "2011-10-14T14:10:19Z")
Does anybody have any sale price advice?
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### Author:  [@Stephen\_Long](https://www.mineralrightsforum.com/u/Stephen_Long)
#### Post date: [October 31, 2011, 3:19am UTC](https://www.mineralrightsforum.com/t/land-sale/22689/6 "2011-10-31T03:19:22Z")
There are several wells permitted in that direction. Good completions will enhance your values, poor results the opposite, naturally.
Interesting times. All should be productive, based on my research.
Just hope it is “commercially” productive, if you know what I mean.
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### Author:  [@Brett\_Lewis](https://www.mineralrightsforum.com/u/Brett_Lewis)
#### Post date: [October 31, 2011, 10:42pm UTC](https://www.mineralrightsforum.com/t/land-sale/22689/7 "2011-10-31T22:42:56Z")
Have you made a deal yet to sell these minerals? If not, please let me know. I am an interested buyer.
Thanks,
Brett
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### Author:  [@J\_Matthews](https://www.mineralrightsforum.com/u/J_Matthews)
#### Post date: [November 1, 2011, 12:36am UTC](https://www.mineralrightsforum.com/t/land-sale/22689/8 "2011-11-01T00:36:48Z")
No deal, yet.
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### Author:  [@Brett\_Lewis](https://www.mineralrightsforum.com/u/Brett_Lewis)
#### Post date: [November 1, 2011, 8:49pm UTC](https://www.mineralrightsforum.com/t/land-sale/22689/9 "2011-11-01T20:49:03Z")
Please call me or email me with the specifics: legal description; number of net mineral acres you are wanting to sell; terms of the existing lease; asking price; etc.
Thanks.
Brett
Brett H. Lewis
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### Author:  [@J\_Matthews](https://www.mineralrightsforum.com/u/J_Matthews)
#### Post date: [November 2, 2011, 12:27am UTC](https://www.mineralrightsforum.com/t/land-sale/22689/10 "2011-11-02T00:27:52Z")
Rather than turn this into a sales forum please friend me for private messaging.
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### Author:  [@Brett\_Lewis](https://www.mineralrightsforum.com/u/Brett_Lewis)
#### Post date: [November 2, 2011, 12:48am UTC](https://www.mineralrightsforum.com/t/land-sale/22689/11 "2011-11-02T00:48:40Z")
You’ll have to forgive me. I’m an old guy, and I don’t seem to be able to figure out how to friend you. Please advise. Brett
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### Author:  [@J\_Matthews](https://www.mineralrightsforum.com/u/J_Matthews)
#### Post date: [November 2, 2011, 1:30am UTC](https://www.mineralrightsforum.com/t/land-sale/22689/12 "2011-11-02T01:30:07Z")
No big deal.
You click on my name and select “send a message.”
That will send the “friend” request _if we ain’t friends already_. 😉
If we are already friends then you can post a _private message_ (_PM_) to me.
If we’re not friends yet, then you have to wait for me to accept you as a friend before we can message (PM).
You can do the same from your end to anyone who posts here.
They will have to accept your “friend request” before you can exchange PM’s
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### Author:  [@Brett\_Lewis](https://www.mineralrightsforum.com/u/Brett_Lewis)
#### Post date: [November 2, 2011, 1:52am UTC](https://www.mineralrightsforum.com/t/land-sale/22689/13 "2011-11-02T01:52:58Z")
Will do.
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### Author:  [@Stephen\_Long](https://www.mineralrightsforum.com/u/Stephen_Long)
#### Post date: [November 2, 2011, 3:38am UTC](https://www.mineralrightsforum.com/t/land-sale/22689/14 "2011-11-02T03:38:24Z")
I have had several solicitations recently from land companies. One was for $2300/acre for acreage in Reeves County.
I never had enough interest to follow up though.
Is your acreage in BLK 54, Township 4?
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### Author:  [@J\_Matthews](https://www.mineralrightsforum.com/u/J_Matthews)
#### Post date: [November 5, 2011, 1:00pm UTC](https://www.mineralrightsforum.com/t/land-sale/22689/15 "2011-11-05T13:00:40Z")
Blk 55 T-5
I’ve had one offer that is a lot more in line with my perceived value of the property than the offer you received.
The initial offer that got me started was about 2000% too low. At the time even I knew that was too low. 😉
I wish I had some better guidelines, but I’m taking my time.
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### Author:  [@Louise\_Welch2](https://www.mineralrightsforum.com/u/Louise_Welch2)
#### Post date: [November 26, 2011, 5:50pm UTC](https://www.mineralrightsforum.com/t/land-sale/22689/16 "2011-11-26T17:50:04Z")
Just wondering if you have sold your land as I have had an offer for my land in Reeves County. I have been offered $2000.00 an acre for it. If you haven’t sold your land I would suggest the land is valued in that neighborhood. Probably a lot more than that. Unless you have to sell the land I would encourage you to keep it.
My land is Section 8, Block 55, Township 4 anyone have any idea where this is at and is there any drilling in the area. Anyone my neighbor?
Louise
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### Author:  [@Stephen\_Long](https://www.mineralrightsforum.com/u/Stephen_Long)
#### Post date: [November 26, 2011, 6:20pm UTC](https://www.mineralrightsforum.com/t/land-sale/22689/17 "2011-11-26T18:20:29Z")
Your land is around 15 miles NW of Pecos. Looks like a couple of months ago Devon permitted two Hz locations in the section to the SE (Section 10). There are also permitted wells in Section 24 3 sections to the SSW, along with several wells off to the WNW, but quite a few miles away.
I have also seen a few solicitations to purchase, the highest of which was $2,300/acre.
Hope this helps.
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### Author:  [@J\_Matthews](https://www.mineralrightsforum.com/u/J_Matthews)
#### Post date: [November 26, 2011, 6:49pm UTC](https://www.mineralrightsforum.com/t/land-sale/22689/18 "2011-11-26T18:49:03Z")
I do not have to sell but am seriously considering it if I get a proper offer.
I have had one offer at about 3 times what you were offered.
I have heard a good rule of thumb is 3-4 times the lease bonus which would put my property in the $7,500-10,000/ac range (Section 10).
I can wait.
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### Author:  [@Stephen\_Long](https://www.mineralrightsforum.com/u/Stephen_Long)
#### Post date: [November 26, 2011, 7:02pm UTC](https://www.mineralrightsforum.com/t/land-sale/22689/19 "2011-11-26T19:02:45Z")
Yes, I threw it into the trash basket.
With everything that I have read and heard, it should all be productive to some extent.
At the same time $7-10K/acre seems pretty darned good.
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### Author:  [@J\_Matthews](https://www.mineralrightsforum.com/u/J_Matthews)
#### Post date: [November 26, 2011, 7:04pm UTC](https://www.mineralrightsforum.com/t/land-sale/22689/20 "2011-11-26T19:04:38Z")
My thoughts exactly.
The first offer was a bit under that so I’ll wait and see.
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