Sell Mineral Rights in Midland County, TX

Midland County is stacked-pay country, and no two sections underwrite the same once you look at which bench is actually being drilled beneath them.

The tract desk spent years on drilling and completions crews working Spraberry and Wolfcamp wells across Midland County before it started buying mineral and royalty interests directly from owners. That background matters here more than in most counties, because Midland County isn't one play, it's five or six benches stacked on top of each other, and the offer on your interest depends heavily on which of those benches an operator is actually landing laterals in near you.

Owners who come to us are usually holding interests that trace back to a family purchase, an old ranch severance, or an inheritance nobody has looked at closely since the original lease was signed. We buy those interests directly, and before we quote a number we pull the offset well data, the unit configuration, and the permit history for your specific tract instead of leaning on a county-wide average.

Why the same county can price so differently section to section

North Midland County, near the Martin County line, tends to sit deeper in the Wolfcamp and sees more consistent multi-bench development from the larger operators running full-time rigs. South county, toward the Upton and Reagan County borders, has thinner intervals in places and a mix of legacy vertical wellbores alongside newer horizontal units, which changes both the decline profile and how tightly spaced future development is likely to be.

When we underwrite a Midland County tract we're looking at whether it sits inside an existing horizontal unit, whether that unit has been fully developed or only partially drilled, and whether the operator has permits filed for additional wells on adjacent sections. A tract with one producing well and three open bench targets left underwrites very differently than one that's already been fully developed top to bottom.

Operators active in the county and what that means for you

Midland County has seen activity from the major Permian operators, including large-acreage holders that consolidated legacy Concho and Pioneer positions, along with independents running smaller, more surgical programs on non-operated acreage. A tract held by a large, well-capitalized operator with a multi-year development plan generally carries more visible upside, but also more uncertainty about timing.

We track permit filings and rig activity by section as part of our own underwriting, and we'll tell you plainly what we're seeing on your specific acreage, including if the honest read is that development looks slow or paused for now.

Royalty owners versus non-operated working interest

A lot of the interests we buy in Midland County are royalty or overriding royalty, passed down through a family that never operated a well themselves. Others are small non-operated working interests, sometimes 1 to 5 percent, in wells drilled decades ago that have been billed joint interest expenses every month since.

The valuation approach differs. Royalty is valued off gross production and the decline curve on the specific well or unit. Working interest gets valued net of the lease operating expenses and any plugging liability that could eventually land on the owner, which is a real cost some owners forget to net out when they compare our offer to a royalty-only quote from somewhere else.

What we ask for before we quote a number

To underwrite a Midland County interest properly we typically ask for your most recent division order or check stub, a copy of the deed or the instrument that created your interest, and, if you have it, the API number of the well or wells you're receiving payment from. None of that obligates you to anything.

If you don't have all of that paperwork we can usually locate it through the Midland County Clerk's records and the Railroad Commission, though it takes a little longer. Either way, the offer we send back reflects an actual look at your section, not a form letter with a blank filled in for the county name.