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Details

Legal Description: 20 acres of land, more or less, known as Tract C situated in the East Half (E/2) of Section 15, Block 1, Abstract No. 327, W&NW RR Co. Survey, Ward County, Texas

This property is located just North of the small community of Barstow, TX and sits within the Delaware Basin. This acreage has the potential for a commercial or private caliche pit to service the oil and gas industry as well as the growing surrounding communities. Wild West Trucking has their caliche pit adjacent to the North across CR 162 and sold over $1MM worth of caliche last year out of their pit. The caliche in this area is between 10-12 feet deep giving this acreage the potential to produce between 322,000-387,000 cubic yards of caliche. With market rates of $4-$5 per cubic yard the potential revenue from selling the caliche from this acreage is approximately $1.2MM-$1.9MM.

Any interested party upon executing a Purchase Sale Agreement shall have the right to dig test holes as well as test the quality of the caliche before finalizing the sale. I am open to entertaining any offers.

Asking Price: $150,000

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.