A NOTE FROM YOUR LAND BROKER, CHARLES

As I write this, general deer season has wrapped up and we are full steam ahead into a new year. The majority of the state has been the beneficiary of great rain fall and we pray that there is more to come as we head towards Spring. Capital Ranch Sales experienced its highest closed volume in over 15 months in January, and February is forecasting to be another strong month for our firm.

2024 should be an interesting year for the rural land market as we are headed into an election year. We will be closely monitoring interest rates, oil and gas prices, inventory, and the general confidence in the economy as all of these metics play a critical role on the ranch real estate market.

Thank you for your continued support, and let us know if we can help you or anyone you know buy or sell rural land!

 

 

 

___________________________________________________________________________________________________________________

INDUSTRY RELATED NEWS

Who Owns Produced Water from Oil and Gas Operations in Texas?

This case involves a question of the ownership of produced water. As explained in more detail below, this is water, along with a number of other substances, that travels to the wellbore in the fracing process.  To offer a bit of perspective on the scope of this issue, the Texas Tribune recently reported that in Texas, for ever barrel of oil, an average of seven barrels of water is produced.  In 2019, in the Permian Basin alone, it is estimated 3.9 billion barrels of produced water was produced.  With water scarcity and growing technology, produced water may now be treated and sold for re-use in oil and gas operations.

COG Operating, LLC (“COG”) leases minerals on the land pursuant to four leases. The surface of the land is owned by two surface owners.  Each mineral lease gives COG the exclusive right to explore for and produce oil and gas on the leased lands.  Relevant here, the leases provide that COG has no right to use water which is on or under the land, except it may drill a water well and use the water from that well in its drilling operations on the land.

Click here for the full article!

___________________________________________________________________________________________________________________

SUBSCRIBE TO THE RANCH REPORT

For the latest in Texas ranch news, beautiful photographs of listings, delicious recipes, and more, be sure to subscribe to The Ranch Report! View a digital copy now!

___________________________________________________________________________________________________________________

MARKET SNAPSHOT

___________________________________________________________________________________________________________________

FEATURED PROPERTIES

McQueeney Farm/Development  SOLD Amazing development opportunity situated on 90 acres conveniently connecting you to the booming city of New Braunfels being just under 7 miles from IH-35 and conveniently located near Terminal Loop Rd in sophisticated McQueeney offering 1,150+/- FM 725 road frontage. This pristine acreage is ready for you to bring your vision to life as its level and open terrain features mature trees and expansive views. Currently used for farming crops, the property is already equipped with two hand dug water wells that are 34 feet deep and have yet to go dry. Call us today for all your listing and selling needs!

Buffalo Road Ranch Valley Spring, Texas Listed at $1,350,000 Approximately 30 minutes from Llano and Mason as well as 35 minutes from Brady, this picturesque Valley Spring ranch is situated perfectly at the dead-end of Buffalo Road. Being surrounded by similar size tracts and a massive property to the east, this ranch offers the privacy you desire in a recreational property. With plentiful wildlife, the property appeals to hunters and wildlife enthusiasts alike. This ranch also boasts a recently renovated house that has unbelievable attention to detail and modern farmhouse charm. Don’t miss out on this amazing opportunity to own a piece of the gorgeous TX hill country! Call us today to schedule a showing!

THANK YOU TO OUR SPONORS