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Lea, NM
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Lavaca, TX
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Atascosa, TX
Around a year ago I received a brochure from Texas Royalty Brokers. I held on to it till this year. In speaking with the team at Texas Royalty Brokers it was clear to me to use their expertise. They were extremely knowledgeable and helpful in guiding me through this extensive process. I could completely recommend them to anyone interested in selling their minerals.
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Listing Title
Minerals for Sale in Midland Texas
Listing ID
401130
Listing Status
not available
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - tbd
- Best and Final - tbd
- Under Contract - tbd
Please take a moment to learn more about each listing phase.
We are currently accepting offers for these mineral rights. Offers will be accepted until Friday, July 15th.
Listing Maps
Listing Files
To view the available files for this listing, please download the zip file using the button below.
Listing Details
Starting Bid: $115,000
- State : Texas
- County : midland
- Legal Location : Various, please see the attached wells table and associated maps.
- Net Acres : 1.04
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $1,962/month
Comments:
Update: 7/15/2022
The seller has decided to retain the mineral rights for the time being as they didn’t get any offers they felt were acceptable.
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*****Note*******
This listing was activated on 7/7/2022. We are going to accept offers immediately on these mineral rights until Friday, July 15th. The seller has a confirmed current legitimate offer in hand that is just shy of the starting bid price. If no bids at the starting bid price or higher are received before Friday, July 15th, the seller will accept the offer they have in hand.
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This is an opportunity to pick up prime acreage that currently has 22 active wells, 4 completed wells, 9 DUC wells, and 1 active permitted well. The current royalty income is just shy of $2,000/month. While there is a lot of flush production on these wells, there is also a lot of upside in the 13 completed and DUC wells that will come online.
The owner of these mineral rights acquired the mineral rights by purchasing homes, and then selling those homes but retaining the mineral rights. The seller believes they acquired them through 4 home sales, but we were only able to locate 3 of the 4 deeds that show a mineral rights reservation.
In the attached ownership estimate, we believe the total net royalty acres to be around 1.04. The charger appears to have multiple unit sizes on the permits we pulled, so we are not 100% confident in the total number of net royalty acres. This ownership estimate is truly just an estimate and all bids should be based on conveying the decimal interests listed on the check stubs from Endeavor and Deep Rock.
Files are available for download above. Alternative download:
The mineral owner has exclusively listed with Texas Royalty Brokers. Please do not contact the mineral owner directly. To make a bid or ask questions about this listing, please contact Texas Royalty Brokers using the contact form below. Our team will quickly be in touch.
We have other mineral rights for sale.
Exclusitivity Notice
All listings posted at Texas Royalty Brokers are exclusive. The seller has agreed to exclusively sell through our company and will become personally liable if you close a deal directly with the seller. Please direct all offers and communication directly to Texas Royalty Brokers.
Accepting Offers on 7/7/2022