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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.
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Trusted by Mineral Owners
Frio, TX
A couple of months ag, I received a mail offer to give me $100,000+ for some mineral rights that I had forgotten I had. My first reaction was this was a scam, but it turned out to be real. I also figured that this offer might not be the best it could be. After some time with the web, it became apparent that this retired engineer was no lawyer and not cabable of dealing with this sale. I went looking for some help. I settled on Texas Royalty Brokers.
I was awed by their work:
— They did everything except me digging through my attic for any history I had and me getting the deed notarized.
— That included researching the needed data that I didn’t have in my attic, putting the listing on whatever market system royalty brokers use, and negotiating with the bidders. The bids were discussed with me before any action.
— The fee was a lot less than I was used to paying folks like lawyers to do things.
— The representative (Emily) that I worked with (over e-mail) was very personable, helpfull, and patient with my ignorance. I feel that we have become good friends.
— The final money sent to me was about $50,xxx more than the original offer. Not bad for around 10 hours on my part.
— The time from my first inquiry to money in the bank account was exactly 2 months – the majority of time being me read and understand all the contract stuff between us
I have no other experiance with with a mineral royalty brokers, but I cannot imagine a better one.
RBG
Denton, TX
For privacy, I won’t share the details but I can tell you that Emily and Eric are the best! We looked at multiple companies to help represent the sale of some aging oil and gas interest we still held. Very fast process, great offer, quicj close and funding. 10 stars.
Reeves, TX
My experience working with Texas Royalty Brokers has been exemplary. They exceeded my expectations. Highly recommended.
Reeves, TX
Texas Royalty Brokers did a fantastic job helping us sell our mineral interests. They were extremely knowledgeable, responsive, and transparent throughout the entire process. They explained everything clearly, kept us updated every step of the way, and helped us secure a very fair deal. We felt confident and well represented from start to finish. I highly recommend them.
Shelby, TX
Emily and Eric were extremely helpful throughout the entire process from start to finish. Very good at explaining the process and keeping me updated on where things were. Appreciate their help in making this a smooth and productive transaction!
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Listing Title
Buy Mineral Rights in Montague County Texas
Listing ID
401153
Listing Status
not available
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - in progress
Please take a moment to learn more about each listing phase.
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: $185,500
- State : Texas
- County : montague
- Legal Location : Multiple - Please see attached files.
- Net Acres : 133.41
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $2,450/Month
Comments:
Update: 6/2/2023
Seller has decided not to sell.
________________________
Update: 5/16/2023
Sale Pending
________________________
This is an excellent opportunity to buy diversified acreage in Montague County operated by EOG.
This ownership is currently held in an LLC. There is a single owner member who has signature authority on the sale so it will not be a complicated transfer.
There are over 35 producing wells spread out among many different units. The acreage is also spread out between the units with nice chunks of acreage in different locations providing further diversification.
The production is predominately natural gas liquids and natural gas, with a little bit of oil production. Looking at December 2022 to April 2023, the income declined along with the drop in natural gas prices. We took a very conservative approach on the Revenue Summary and only looked at the last 3 months to come up with $2,450/month in royalty income. This is assuming a nearly worst case scenario for long term natural gas prices. In December 2022, when natural gas prices were $5, this was producing almost $5,000/month.
For your convenience, we included a download of all files from Texas File related to this LLC acquiring this ownership via deed’s and the available lease agreements / memo’s for lease that were available. This is available as zip file and the images above show the files available.
For the lease royalty rates, we are seeing both 3/16th’s and 1/5th lease rates. On the ownership estimate we assumed 12.5% royalty rates to provide an estimated number of net royalty acres owned.
For this listing, all offers should be based on the NDI’s listed on the check stubs. We have provided the ownership estimate as an estimate only. Adjustments will only be allowed in the event EOG is paying incorrectly and less NDI is owned than indicated on the check stubs. Only the NDI proven in title would convey, so if you are showing less NDI than what they are being paid for by EOG, the seller would keep the NDI not proven in title.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Thursday, May 4th.
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 5/4/2023