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

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