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Stephens, TX
I had the pleasure of working with Texas Royalty Brokers LLC this past month. From the beginning to the very end and everything in between, they were very communicative, responsive and helpful. They explained every part of the process and helped when I needed something. They made the whole process simple and easy. By using Texas Royalty Brokers LLC, I was able to get 2 times the amount I was offered by others or on my own.
Harrison, TX
Eric and Emily are very good at taking care of clients. I found them after researching companies to help me with selling. The reviews I found convinced me to give them an opportunity and I am thankful.
Emily was true to her word from the beginning to the completion. I am so pleased with her that if I choose to sell other property, I will definitely contact her and trust her judgement in my accounts.
Leon, TX
I had no idea how straightforward and very simple it would be to sell mineral rights in Texas. Texas Royalty Brokers, represented by Eric Winegar provided guidance on the complete process. Confirming exactly how the TRB website described each step of the sales process. Eric and his staff followed up immediately on every question I presented. I had limited information about the value of the mineral rights prior to the final offer presented which exceeded my expectations. Working with TRB, I became educated about the process of selling mineral rights and convinced me I would never try to sell without having the representation offered by Texas Royalty Brokers.
Midland, TX
I had an excellent experience working with Eric Winegar at Texas Royalty Brokers. Eric was professional, knowledgeable, and responsive. He clearly explained every step and made the process easy and stress-free. His attention to detail and commitment to getting the best outcome for me exceeded my expectations. I highly recommend Eric and Texas Royalty Brokers to anyone needing trustworthy royalty services.
Leon, TX
Texas Royalty Brokers did Everything they said they would do. They communicated often, they always answered my questions quickly and I had a lot of questions.
Very professional company. They negotiated a very good price for my mineral rights.
I would recommend them highly.
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Listing Title
Buy Mineral Rights in Culberson County Texas
Listing ID
401169
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.
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: $107,500
- State : Texas
- County : culberson
- Legal Location : Block 45, Section 4, Abstract 6854
- Net Acres : 11.75
- Active Lease : Yes
- Royalty Rate : 20%
- Producing : yes
- Average Income : $960/Month
Comments:
Update: 2/26/2024
Sold
________________________
Update: 2/21/2024
Sale Pending
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The owner of these mineral rights has 11.75 net royalty acres in Culberson County Texas.
These mineral rights are currently generating income of $960/month consistently. There are three producing wells on 640 acre spacing, leaving additional room for more drilling in the future. This acreage is right on the border with Reeves County. There is a lot of rig and permit activity to the North and East of this location.
We have attached a copy of the lease agreement which shows a 20% royalty rate. However, we are calculating the number of acres at 11.75 net royalty acres.
The owner would like to start the bidding at $107,500 for this ownership. All bids should be based on the net decimal interest represented on the check stubs or the NRA represented. Adjustments will be allowed, but must be limited to no more than 10% of the expected NDI/NRA represented.
****Note: We believe the seller does own surface in this area. This sale is for mineral rights only.****
In addition to the ownership in Culberson County, the owner also has mineral rights to the Northeast in Reeves County Texas. The income from the Reeves ownership is included on the check stubs. We have also included the NRA calculation for Reeves in the ownership estimate as well. While the seller is not interested in selling Reeves at this time, they have indicated they will entertain offers for the right price if you want to submit a bid for that portion.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Wednesday, January 17th.
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 1/17/2024