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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.
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Listing Title
San Augustine County Texas Mineral Rights for Sale
Listing ID
401173
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: $132,500
- State : Texas
- County : san-augustine
- Legal Location : A-47, A-661, A-5
- Net Acres : 31.11
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $177/Month
Comments:
Update 6/14/24
Sold
_____________________________
Update: 2/21/2024
Best and Finals due Friday, February 23rd end of day.
_____________________________
These mineral rights are partially leased at a 20% royalty rate and partially leased at a 25% royalty rate. We are showing a 12.5% royalty rate because we are representing the NRA. We believe the owner of these mineral rights has approximately 31.11 net royalty acres. This acreage sits on the border of Shelby and San Augustine Counties.
There are two active permits in each unit in which they have ownership. This represent strong upside potential as these are large units with only a single well drilled.
Please note, the seller has her son listed as Power of Attorney, however seller has been conducting her own business, keeping her son informed. If the son completes the transaction, a POA will be provided.
There is an IRS lien on the property that part of the sale will be used to pay off. We believe the amount due is approximately $70,000. We have attached the lien showing $21,000 owed, however the seller believes the number is closer to $70,000 and we are working on getting documentation to confirm the number.
All bids should be based upon 31.11 NRA. Adjustments will be allowed in this case on the basis of what is proven in title. However, if you show less than 31.11 NRA, the deed will need to convey a specific amount of net royalty acres.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Wednesday February 7th.
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 2/7/2024