Property ID 25815 - 5.1 acres about 3 miles North from paved hwy FM 2119. Closest town is Orla, TX about 45 minutes to the Northeast.
SURFACE RIGHTS ONLY! This is the perfect investment property as this location is right in the heart of the Oil & Gas plays in the Delaware Basin. There are numerous O&G companies operating in this area and active and producing wells all around this property. More permits in this area are being submitted every week. The surface rights have seen a steady increase over the last few years and land owners in this block (45) have been offered anywhere in the range of $1,000-$4,000/acre in recent months. With this property's strategic location WITH DIRT ROAD ACCESS as well as being so close to the paved HWY it's value will only increase and could create a huge pay day when the O&G companies come knocking. And they will! I've attached some google earth images showing surface operations all around this 5 acre tract.
My plan was to hold this property mid/long term and cash in a big profit but circumstances have arisen where I could use the cash now. Now is the time to invest in your future!
Property ID: 25815
Legal Description: Lot 24, Section 37, Block 45, Public School Lands, Reeves County, Texas 5.10 Acres
Time limit to build: None
Water/Electric/Sewer: Not on property currently
Access: Dirt Road
Mobiles/RV's allowed: Yes
Doc Fee: $299.00
Taxes: Current and approximately $34/year (DIRT CHEAP!)
GPS Coordinate (Approximate):
31 38' 59.40' N
104 00' 09.88' W
4 Corners Latitude/Longitude (Approximate):
Coordinates are approximate and should be verified prior to purchase.
Contact me with any questions or to arrange payment