Sell Mineral Rights in Texas

There is no single answer to what Texas mineral rights are worth, because Texas isn't one play, it's five or six major ones stitched together across a state the size of a small country.

A landman quoting you a Texas number without asking which play you're in isn't giving you useful information. The Permian Basin in West Texas, the Eagle Ford in South Texas, the Haynesville in the northeast corner, the older Barnett Shale around Fort Worth, and the Anadarko Basin's Texas Panhandle counties are five genuinely different markets, each with its own drilling pace, its own commodity mix, and its own realistic range. Walking through each one helps you figure out which conversation actually applies to your acreage.

If you already know your play, skip to that section. If you're not sure, your deed's legal description and a look at nearby well activity on the Texas Railroad Commission's public database will tell you.

The Permian Basin: Still the Center of Gravity

The Permian, spanning the Midland and Delaware sub-basins across West Texas counties like Midland, Martin, Reagan, Reeves, and Loving, remains the most heavily drilled oil play in the country. Stacked pay across multiple formations (Wolfcamp, Spraberry, Bone Spring) means a single spacing unit can support several wells over time, and undeveloped Permian acreage in an active area still draws serious interest even before a rig shows up. Value here depends heavily on which sub-basin, how many benches remain undeveloped under your unit, and current well density nearby.

Not all Permian acreage is equal, though. A tract in the thick of current development commands a different range than one on the fringe where operators haven't committed capital yet. Treat 'Permian' as a starting point, not a price.

Eagle Ford: Mature, Oil-Weighted, South Texas

The Eagle Ford across counties like Karnes, DeWitt, and La Salle was one of the first major U.S. shale oil plays and is now well into a more mature phase of development, with the most productive core areas largely delineated. That maturity is actually helpful for valuation purposes, since there's substantial well history to model decline against. Newer completions using longer laterals and refined techniques have continued to add value in parts of the play, so don't assume mature means declining everywhere.

Haynesville: Gas-Heavy Northeast Texas

The Texas side of the Haynesville, in counties like Harrison and Panola, is a deep, prolific dry gas play that extends from Louisiana. Because it's overwhelmingly gas, not oil, royalty income here tracks natural gas pricing directly, and value swings with that market more than with oil headlines. High-pressure Haynesville wells can produce very strong initial volumes, so recent completions with strong early data are viewed differently than older, more modest legacy gas wells in the same county.

Barnett Shale: The Original, Now Mature

The Barnett Shale around Fort Worth and the surrounding counties was the original modern shale gas play, and it's now firmly in its long decline phase after peak drilling roughly a decade and a half ago. Barnett interests are generally valued as mature, slow-declining gas assets rather than growth plays, with wells that have already told most of their story. That's not a negative, it just means the value conversation centers on current stable volume and remaining reserve life rather than nearby new drilling.

Anadarko Basin (Texas Panhandle)

The Texas Panhandle counties sitting in the Anadarko Basin have a long conventional production history alongside more targeted modern development in specific zones. It's a quieter market than the Permian or Eagle Ford, generally valued closer to a mature conventional asset unless your specific tract has seen recent horizontal activity, which is worth checking on the Railroad Commission's records before assuming either way.