640 ACRES +/- Owego Rd, Girvin, TX 79740
640 ACRES +/- Owego Rd, Girvin, TX 79740
640 ACRES +/- Owego Rd, Girvin, TX 79740
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Lily Williams

Lily Williams

+1(210) 865-2458
$480,000
Est. payment /mo
640 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Farm Ranch

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1938651

Annual Tax Amount $985

Lot Size 640.000 Acres

Acres 640.0

Property Sub-Type Farm Ranch

Property Description

This is a unique opportunity for a long term investor to own 640 surface acres and also be entitled to 50% of all oil and gas royalty in the Permian Basin, as agent for the State of Texas. This is Relinquishment Act Land aka "mineral classified". The minerals have never been horizontally drilled or frac'd. It is Open acreage with no active oil and gas lease. If you buy this land, you will create family legacy wealth for cheap. True it might not get drilled today or tomorrow. But one day it will get frac'd and your heirs will thank you ! Fenced. No restrictions. To the east is a mix of pecan orchards and solar panels (Greasewood Solar Project). Saguaro Petroleum, LLC drilled three vertical, shallow gas wells below 5,000'. There has not been any production since October 2008. The leases have expired. Buyer must verify access and utilities. The land is located in Section 108, Block 11, H&GN RR Co. aka LR Hickman, Abstract 6653. Located near Girvin, TX: ~1hr from Fort Stockton, ~1.5 hrs from Midland, ~1 hr 20 min Balmorhea State Park, 3 hrs Big Bend National Park. GPS Coordinates: 102'09.2"N 10231'42.9"W 31.035678, -102.530273

Location

State TX

County Pecos

Area 3100

Exterior

Utilities Available Solar, Other

Building

Sewer None

Water None

Schools

Elementary Schools Call District

Middle Schools Call District

High Schools Call District

School District Call District

Others

Acceptable Financing Cash, Conventional, Texas Vets, Investors OK, Other

Listing Terms Cash, Conventional, Texas Vets, Investors OK, Other

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LERA MLS - Local Expertise Regional Access / SABOR
Listed by Gil Douglass • Uriah Real Estate Organization • (210) 459-4800

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Lily Williams

Lily Williams

+1(210) 865-2458

Realtor® License ID: 0813457

Realtor® License ID: 0813457

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