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Lea, NM
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Lavaca, TX
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Shelby, TX
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Listing Title
Minerals for Sale in Shelby County Texas
Listing ID
401143
Listing Status
not available
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - in progress
- Client Review - tbd
- Best and Final - tbd
- Under Contract - tbd
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 Tuesday, November 8th.
Listing Maps
Listing Files
Please click the download button below to view the listing files. Listing files include maps, check stubs, and other documentation.
Listing Details
Starting Bid: $14,750/net royalty acre
- State : Texas
- County : shelby
- Legal Location : Abstracts: 139, 309, 529, 724, 847, 969, 1041, & 1123
- Net Acres : 59.42
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $1,052/Month
Comments:
Update: 11/28/2022 – Seller accepted offer in hand.
_____________________
There are two siblings who own an identical interest in mineral rights in Shelby County Texas.
The mineral rights are currently generating a little over $1,000/month combined income. However, there is also a DUC (Owls-Sun Devils 3H), which is sitting on the bulk of their acreage. We are also showing an active permit for the “Vandals-Mustangs” unit which will overlap some of their acreage as well. The mineral buyer for this acreage will get some nice immediate upside when the new DUC comes online and even more upside when the Vandals-Mustang well is drilled.
All bids should be based upon a total combined ownership of 59.42 NRA. Please note that we actually show slightly more acreage owned, but the estimated NRA is based upon an existing offer.
The sellers would like to entertain offers of $14,750/NRA or better. The sellers currently have an offer on the table that is in the ball park of the starting bid price. While there is a tiny amount of wiggle room on pricing here, if we don’t see an offer at or above the starting bid price within a couple days of opening this one up for bids, the sellers are going to accept the offer in hand. This is a last minute check to ensure there are no better offers are out there and the sellers are content to take the offer in hand if nothing better comes in.
We will open this up for bids on Tuesday, November 22nd. If no bids have been received by Wednesday, November 23rd, the sellers are moving forward with their current offer.
Most up to date listing files at the link below:
We will begin accepting offers on Tuesday, November 22nd.
All buyers are required to either do a 14 day close, make a $5,000 deposit, or sign our qualified buyer agreement once a deal has been verbally agreed upon.
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 11/22/2022