Legal Description: SW/4, Section 11, Block O-2, Hale County Texas, containing 159.27 acres, more or less.
Location: From Olton Texas, 3 miles east on State Highway 70, then ½ mile south on County Road B to the NW/corner of this quarter section.
Description: This is a nice quarter section located just east of Olton Texas. There are 3 irrigation wells equipped with electric, submergible pumps. The wells are producing a total of approximately 150-175 gallons of water per minute. A nice 1997 Valley pivot sprinkler (SN#83220) with tall tires applies the water. The average depth of these wells is approximately 310-320’. Some recent well repair has been done. This farm has very good bases/yields and historical yields.
There is an outstanding tenant that has been farming this land for several years and would continue to farm it for an investor with a rental agreement.
Mineral and Wind Rights: Seller reserves ½ of the mineral interests currently owned, and ½ of the wind rights.
Taxes: $736.10 (2020 base amount including all entities)