County Road 3400 - Commercial LAND FOR SALE


Lenorah, TX 79749 43,560 SF
$45,000 USD
972-430-4145
County Road 3400, Lenorah, TX for Sale
$45,000 USD
Commercial LAND - FOR SALE
1/3
43,560 SF

County Road 3400
Lenorah, TX 79749


HIGHLIGHTS

  • Income-producing mineral rights with no operational costs or liabilities for the owner.
  • Current wells generating a monthly royalty income, with new wells anticipated in the future.
  • Future well development on untapped locations offering additional growth in both property value and income.
  • All expenses and liabilities in the field are covered by a billion-dollar oil and gas company.

OVERVIEW

Mineral ownership provides surest form of security in the oil industry. Royalty assets offer organic growth without any capital costs or operating expenses, therefore limiting exposure to cost inflation. This property is managed by ExxonMobil/Pioneer (NYSE: XOM) and falls within the Davis-Lacy Survey, Abstract A-166, SE/4 Section 31, Block 36 T2N. The Davis-Lacy Lease covers a total of 947.2 gross acres. Twelve wells on this property were completed and began producing oil in July 2023. When buying mineral rights, the focus is on shared risk and shared income, which helps reduce risk while maximizing potential income. Every acre within this 947.2-acre section benefits equally from the oil and gas extracted and sold, meaning that each acre receives payments based on the same production volume. This property offers immediate cash flow with substantial long-term growth potential, making it an attractive opportunity for people seeking reliable income and exposure to the energy sector. As the owner of the minerals, you will be dealing directly with the oil and gas company that will be managing your asset and paying you royalties. No middleman between you and your asset. This property is sold in one (1) acre increments with less than 6 acres remaining. Contact us today to learn more about this rare opportunity.

FOR SALE DETAILS

PRICE

$45,000 USD

PRICE/ACRE

$45,000/AC

PRICE/SF

$1 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Davis-Lacy Property

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail

LAND ACRES

1 AC

LAND SF

43,560 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Doug HardwickMineral Royalties GroupMore Info
972-430-4145

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Doug HardwickMineral Royalties GroupMore Info
972-430-4145

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.