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Trusted by Mineral Owners
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.
Harrison, TX
I dealt with Emily and she did a wonderful job. She did research for me into the value of mineral rights and gave me the option to sell through them or to wait. I choose to hold on to my mineral rights for the time being but had a great experience working with her. I would definitely recommend to anyone needing help with their oil and gas mineral rights to give her a call.
Anderson, TX
They have great communication throughout the whole process. They are thorough in answering questions and are quick to respond. I am very satisfied with the service I received and will use them again.
Loving, TX
My sister and I had inherited some mineral rights from our mother’s estate, and we didn’t know where to begin. Emily and Eric both answered every question, gave us all the guidance we needed and we walked away with an offer/sale that was well above any that had been offered before. I would highly recommend Texas Royalty Brokers!
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Listing Title
Mitchell County mineral rights for sale
Listing ID
401177
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: $42,500
- State : Texas
- County : mitchell
- Legal Location : Multiple locations
- Net Acres : N/A
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $748/Month
Comments:
Update 3/18/24
Sold
____________________
Update 2/21/24
Accepting best and final offers through Friday, February 23, 2024
____________________
This ownership in Mitchell County, Texas consists acreage in a large super unit that produces consistent cash flow. In addition, there is acreage just to the south of this ownership with individual wells called the Trulock Wells.
We have a revenue summary for Winn Permian, which covers some of the Trulock wells, but there are additional Trulock wells in pay which will also convey in this sale. The seller has indicated that these adddtional Trulock wells do not produce much revenue at all and he does not have any royalty statements.
The acreage of this ownership is unknown and this deal is therefore being offered as a cash flow deal. The monthly royalties from this ownership nets the owner $748/Month.
Please note the owner has additional ownership in Howard County that is not for sale. Additionally, the only ownership in Mitchell County we are conveying for sale is the ownership listed in the Mineral Holders file attached.
We are not representing a specific number of acres owned. All bids should be based upon the cash flow value. No adjustments will be allowed based on acreage owned.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Tuesday, February 20th.
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 2/20/2024