Texas mineral rights
What Texas mineral and royalty interests are worth, which basins and counties we buy in, the state-specific factors that move your value, and how to sell directly with no commission. Every figure is an estimate subject to verification of your specific interest.
Last updated June 2026.
What are Texas mineral rights worth?
Texas is the largest oil and gas mineral market in the United States, anchored by the Permian Basin of West Texas, the most active oil play in the country, and the Haynesville Shale of East Texas, a major natural gas play. Producing Texas royalties are valued on a multiple of the income they pay, roughly 36 to 72 times the average monthly check, with Tier 1 Permian acreage commanding the highest per-acre prices in the nation. Every figure is an estimate subject to verification of your specific interest.
Texas is the center of gravity for American oil and gas, and for mineral owners it is two very different markets at once. West Texas holds the Permian Basin, the most active oil play in the country, where Tier 1 producing interests have traded at roughly $30,000 to $60,000 per net royalty acre at the institutional level. East Texas holds the Texas side of the Haynesville Shale, a natural gas play whose value tracks gas prices and Gulf Coast LNG export demand rather than oil. Texas also has the deepest, most accessible public records of any state, which makes confirming title and tracing ownership more straightforward here than almost anywhere else.
How Texas minerals are valued
Producing interests anywhere are valued on a multiple of the income they pay: roughly 36 to 72 times your average monthly royalty check, the same as 3 to 6 times your annual royalty. Average your last three to six checks, then multiply. Texas spans both the highest-value oil acreage in the country and a major gas play, so value depends heavily on which basin your minerals sit in. Producing interests are valued on the standard income multiple of roughly 36 to 72 times the average monthly royalty check. Modern Texas leases commonly carry royalty rates of 20 to 25 percent, well above the old one-eighth, and a higher royalty rate raises the revenue per net mineral acre, which lifts value. Permian interests price well above Haynesville on a per-acre basis because oil economics and undeveloped drilling upside are stronger in West Texas. Every figure is an estimate subject to verification of your specific interest.
For the full method and a free on-screen estimate, see what are my mineral rights worth.
What makes Texas different
- Two basins, two markets: Permian (West Texas) is oil and the highest-value mineral acreage in the country; the Haynesville (East Texas) is gas and tracks LNG demand. Your county tells you which one you are in.
- Higher royalty rates: Modern Texas leases often run 20 to 25 percent royalty rather than the old one-eighth. A 20 percent royalty is worth about 1.6 times a 12.5 percent royalty on the same net mineral acres, which raises value.
- Strong public records: County clerk deed records and central appraisal district rolls are well organized and widely available, which makes confirming title and tracing inherited interests more workable than in most states.
- No state income tax: Texas has no state income tax, so royalty income and a sale are not taxed at the state level, though federal tax still applies. Confirm your situation with a CPA.
Basins and counties we buy in Texas
Mineral value is local. Choose your basin, then your county or parish, for the local value context and the questions owners there ask most.
Permian Basin
The Permian Basin of West Texas and southeast New Mexico is the most active oil play in the United States and the highest-value mineral market we buy in. If you own producing minerals or royalties under Midland, Martin, Reeves, Loving, Howard, Lea, or Eddy county, your interest is in the most sought-after acreage in the country.
Eagle Ford Shale
The Eagle Ford Shale of South Texas is one of the largest oil and gas plays in the country, running in a broad belt from the Mexican border up toward East Texas. It is best understood as three windows: an oil window in the north and east (Gonzales, Karnes), a volatile-oil-to-condensate window through the middle (Dimmit, La Salle), and a dry-gas-and-condensate window in the south (Webb). If you own minerals or royalties under Karnes, Dimmit, La Salle, Webb, or Gonzales county, where your tract sits in that fairway matters as much as the county itself, because it determines whether you are paid mostly in oil or mostly in gas.
Haynesville Shale
The Haynesville Shale of northwest Louisiana and East Texas is the third-largest natural gas play in the United States, and demand from Gulf Coast LNG export terminals is pulling rigs back into the field. If you own minerals or royalties under Caddo, DeSoto, Bossier, Red River, or Sabine parish, or Harrison, Panola, or Shelby county on the Texas side, you sit in the field analysts watch most closely for the next gas-price cycle.
Fort Worth Basin
The Fort Worth Basin sits beneath the Dallas-Fort Worth area and holds the Barnett Shale, the Mississippian gas play that launched the modern shale era. Development is concentrated in the Newark East field across Tarrant, Johnson, Wise, and Denton counties, where Mitchell Energy first proved that horizontal drilling and hydraulic fracturing could produce gas from a tight shale at commercial rates. The play is dry gas in its core and more liquids-rich toward the basin edge. If you own minerals or royalties under one of these counties, you own acreage in a mature, gas-weighted play, where most activity today is steady production and refracturing of existing wells rather than a wave of new drilling.
Anadarko Basin
The Anadarko Basin of western and central Oklahoma holds the SCOOP and STACK plays, two of the most-drilled stacked-pay fields in the mid-continent. SCOOP runs through Grady, Stephens, Garvin, and Carter counties in the south; STACK runs through Kingfisher, Canadian, and Blaine counties to the north. Operators here target the Woodford and Mississippian along with deeper Springer and Sycamore zones, often stacking several productive horizons under a single tract. If you own minerals or royalties under one of these counties, you own acreage in the highest-volume owner-search market we buy in, because more Oklahoma owners look up their value online than in any other basin.
Why owners in Texas sell
Most owners who sell are not in distress. They want certainty instead of a check that rises and falls with commodity prices and well decline, they are settling an estate among several heirs, or they live far from the basin and would rather hold cash than manage a fractional interest. Selling trades future income for a sum now, and the right answer depends entirely on your situation. We will tell you honestly when holding is the better move.
How to sell Texas minerals the right way
Know your range before you talk to any buyer, ask every buyer to quote per net royalty acre so offers are comparable, and ask directly whether the offer accounts for undeveloped drilling upside. For the full walkthrough, see how to sell mineral rights, and if you inherited the interest, start with our guide for heirs.
Texas mineral rights questions
- How much are Texas mineral rights worth?
- It depends on the basin. Producing Texas minerals are valued on a multiple of your royalty income, roughly 36 to 72 times the average monthly check. Tier 1 Permian acreage in West Texas has traded at about $30,000 to $60,000 per net royalty acre at the institutional level, the highest in the country, while Haynesville gas minerals in East Texas are valued lower and track natural gas prices. This is an estimate, not an offer.
- Where can I sell mineral rights in Texas?
- Ironwood Royalty buys Texas mineral and royalty interests directly from owners as a principal buyer, across both the Permian Basin and the Haynesville Shale, with no broker commission taken from your proceeds and an honest value range up front.
- Which Texas counties have the most valuable mineral rights?
- The core Permian counties in West Texas, including Midland, Martin, Reeves, Loving, and Howard, hold the most valuable producing minerals because of strong oil economics and active drilling. East Texas Haynesville counties like Harrison, Panola, and Shelby are gas-driven and valued differently. Your royalty statement names the county, which tells you the market.
See what your Texas minerals could be worth
Run a free estimate for an honest on-screen range, then talk it through with a real person. An estimate, not an offer, and never any pressure.