Why Texas Royalty Brokers?
Selling mineral rights doesn’t have to be complicated. At Texas Royalty Brokers, we handle every step of the process so you can get maximum value with zero stress.
Our team works hard to deliver real offers, real value, and real results.
sellers
Texas Royalty Brokers
Popular Topics
Mineral Rights Report
Buyers
Receive new listing notifications?
Trusted by Mineral Owners
Upton , TX
My wife and I were very pleased with the guidance and knowledgeable advice that Emily and Eric provided to us regarding the sale of her mineral rights in Texas.
Nacogdoches, TX
Eric and his team were very knowledgeable and responsive to our needs and questions. The professionalism and integrity exceeded our expectations throughout the entire process. We highly recommend Texas Royalty Brokers!
Harrison, TX
I decided to work with Texas Royalty Brokers after reading several of their reviews. It was a good decision. They were prompt in their communication and straightforward in their assessments and follow through. I am quite pleased with the outcome and recommend them highly.
San Augustine, TX
I am so grateful for the guidance during the process of selling my mineral rights. This was a huge decision! Eric and his team are top notch professionals, answering any and all concerns/questions along the way. I would definitely recommend Texas Royalty Brokers!
Anderson, TX
I went into the listing and sale of mineral rights knowing nothing! TRB made the process easy. They explained every step of the process with frequent updates and were patient and prompt in answering any questions. I could not have navigated this process without them. I am truly grateful for their help and highly recommend TRB for anyone looking to sell their mineral rights.
Mineral Rights Report
State Specific Guides
Resources
Blog Categories
Free Consultation
Get expert advice on your mineral rights with no pressure and no obligation.
Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
Listing Title
Mineral Buyers in Midland Texas
Listing ID
401134
Listing Status
sold
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - complete
Please take a moment to learn more about each listing phase.
We are currently in the listing evaluation phase for these mineral rights. We will begin accepting offers on Wednesday, August 24th.
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: $105,000
- State : Texas
- County : midland
- Legal Location : Block 39, T2S, Section 12 Block 39, T2S, Section 11
- Net Acres : 3.83
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $217/Month
Comments:
Update: 8/29/2022
The sellers family member (who does not want to sell), has indicated they also have not been getting any royalty income. The operator did confirm that they are “in pay on all accounts”. We believe the seller has an ownership in the 3DW well based on the fact that this well has part of the 80 acre unit included in it. However, we believe they are simply behind on getting royalty payments out to the owners on this.
——————————————–
This is an opportunity to purchase mineral rights in Midland County Texas. This acreage is located in a prime spot right in the middle of Midland, surrounded by rig activity.
There are currently 4 old vertical wells producing a little over $200/month on average. In addition, a new well has been drilled called the Ward 3DW. This well has been producing for 5 months now. However, the seller has never collected any of the money from the Ward 3DW. We believe they may not have signed their division orders so this money is currently held in suspense. The seller recalls getting some documents to sign but does not remember what those were.
The seller is not going going to release these funds from suspense. Instead, they would prefer to just sell the mineral rights and let the new buyer collect those funds out of suspense.
The seller is working on contacting Pioneer to determine how much money is held in suspense and to determine if the reason they haven’t been paid is simply because they didn’t sign a DO.
We believe the seller has 3.83 net royalty acres. We note that the Ward 3DW well is showing Terry with a .00127388 NDI. We do not believe this is correct because Terry has this same NDI on the Ward #2 well which is only 80 acre spacing, where the 3DW well is 161.3 acre spacing. We are hoping that Pioneer can clear up the NDI in the new unit as we expect it to be approximately half of the .0012733 NDI since the unit size has doubled.
The seller currently has offers on the table. All offers made should be on an NDI basis only. We are not representing 3.83 NRA of ownership. This is only an estimate. All offers should be made based on the NDI they are currently in pay on.
The seller would like to start negotiations at $105,000 for this interest.
You can download the available listing files here.
We will begin accepting offers on Wednesday, August 24th.
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 8/24/2022