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Client Reviews
Denton, TX
Super easy process. Emily was great. She communicated clearly and promptly thru ought the whole process. I would definitely recommend them.
Reeves, TX
My experience working with Texas Royalty Brokers to market my mineral rights has been nothing but a great experience! They were professional, informative, prompt and made selling my mineral rights a smooth and fairly easy process. I would highly recommend them.
San Juan, NM
Knowledgeable, competent, Great communication and ultra professional. They explained in detail every step along the way. I will defiantly use them again.
Gregg, TX
Texas Royalty Brokers is wonderful! Everyone is professional, knowledgeable, and so nice. They are responsive and thorough, and I’m so glad they handled my transaction. Everything went very smoothly!
Denton, TX
A superb service that obtained the target price I had set for the sale of my minerals. Emily, who is great to work with, patiently navigated me through the process from beginning to end. Highly recommended!
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Listing Title
San Augustine County Texas - Mineral Rights For Sale
Listing ID
401190
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: $242,500
- State : Texas
- County : san-augustine
- Legal Location : A-193
- Net Acres : 74.15
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $662/Month
Comments:
Update 6/28/24:
Sold
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Update 4/29/24:
Under contract
___________________
Update 4/25/24:
Accepting best and final bids through end of the day Monday 4/29
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Here is a great opportunity to purchase property in San Augustine County. This owner is selling 50% of his ownership in the Butler Rooney and Butler Rooney Sooners Allocation Units. We believe 50% of his ownership is 74.15 NRA.
These units present excellent upside to a buyer in that there are only 2 wells drilled on this 666 spacing.
The owner also receives an average monthly royalty income of $662/Month for 50% of this ownership.
We believe there is some overlap in the two units, and are therefore only counting the Butler Rooney acreage in our calculations in the attached ownership estimate.
The owner previously had a lien on this property, but this has since been released and we have provided all documents on this lien in the files.
Please note, the owner has additional property in the nearby Vandals unit, so in purchasing this property, the deed will need to be specific to the Butler Rooney and Butler Rooney Sooners Allocation Units.
All bids should be based upon the attached estimated NRA. If less NRA is proven in title, only the NRA proven in title would convey. Any adjustment over 10%, on a tract by tract basis, must be mutually agreeable.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Tuesday, April 23rd.
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 4/23/2024