Sell Mineral Rights in Texas

Texas isn't one mineral market, it's five overlapping ones, and the play your acreage sits in matters more to your number than the fact that it's in Texas at all.

The Permian Basin's Midland and Delaware sides, the Eagle Ford trend across South Texas, the Haynesville in the northeast corner near Shreveport, the Barnett around Fort Worth, and the older Anadarko Basin extension in the Texas Panhandle each have their own drilling density, formation depth, and operator behavior, and a comp from one doesn't transfer to another no matter how tempting it is to average them together. Because Texas has the deepest, most liquid mineral market in the country, comps here can be tighter and more current than almost anywhere else we work, but only when they're pulled from the right play and the right county.

The Permian in particular deserves its own explanation, because it's rarely a single-well valuation question. Stacked pay across multiple benches, Wolfcamp A through D, Spraberry, Bone Spring depending on where you sit, means the number you get today should reflect current production alongside how much of that stacked potential an operator has actually developed versus left for later.

The Permian's Multi-Bench Math

A single Permian spacing unit can host wells targeting several different benches at different depths, sometimes drilled over a period of years as operators work through a development plan rather than all at once. That means two tracts with identical current production can carry very different valuations depending on how many benches remain undeveloped beneath them, an operator holding acreage with three of five viable benches still untouched is sitting on more remaining option value than one who's already drilled every bench they're going to. We look at permit history and completed well counts by formation rather than relying on well name alone, to estimate how much of that stacked upside is still ahead versus already captured.

This is also why Permian comps move faster than in almost any other play, a section that traded at one multiple eighteen months ago can look different today simply because an operator has since drilled two more benches, and recency matters more here than in a slower basin.

Eagle Ford: A Maturing Play With Real Track Record

Karnes, DeWitt, and La Salle counties anchor the Eagle Ford's core, and unlike the Permian, this play has largely moved past its most active drilling phase into a longer production tail, meaning valuation leans more heavily on established decline history than on speculative future development. That's not a downgrade, a well with eight or ten years of documented production behaves more like a predictable income asset than a growth story, and pricing it that way, rather than chasing a Permian-style multiple, is usually the more accurate approach.

Haynesville: Gas Price Sensitivity Above All

The Texas side of the Haynesville, around Harrison and Panola counties, is almost purely dry gas, which means value here tracks natural gas pricing cycles more directly than any oil-weighted play in the state. Activity has swung noticeably with gas price cycles over the past several years, so checking current permit and rig activity in your specific county matters more than usual, an interest that looked quiet eighteen months ago can look very different today depending on where gas prices and operator appetite currently sit.

Barnett and the Panhandle Anadarko: Older, Steadier Ground

The Barnett around Fort Worth and Tarrant County was one of the original shale plays and is now mature, mostly declining gently with limited new drilling, while the Texas Panhandle's Anadarko extension carries a long conventional and unconventional gas history of its own. Both tend to price more like income-stream assets than growth plays, similar in character to Eagle Ford but generally at lower current volumes given how long they've been producing.

What We Need to Price a Texas Interest

Send your division order or lease and tell us which county your acreage sits in, that alone usually tells us which of these five very different plays applies. We'll pull current permit and completion activity specific to your formation and bench, not a statewide average, and return a range with the multi-bench or decline reasoning behind it laid out plainly.