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Lea, NM
Wonderful experience! Highly recommend the Texas Royalty Brokers
Hemphill, TX
Emily and Eric are fantastic and very helpful. I know nothing about royalties, etc. They made it so easy, quick and painless. 5 out of 5 stars for sure!!!!
Lavaca, TX
Texas Royalty Brokers assisted me in a sale; they were straightforward and clear on the process; answered every question I had along the way….I would recommend them…
Shelby, TX
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Atascosa, TX
Around a year ago I received a brochure from Texas Royalty Brokers. I held on to it till this year. In speaking with the team at Texas Royalty Brokers it was clear to me to use their expertise. They were extremely knowledgeable and helpful in guiding me through this extensive process. I could completely recommend them to anyone interested in selling their minerals.
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Listing Title
Mineral rights for sale - Martin County Texas
Listing ID
401194
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: $80,000
- State : Texas
- County : martin
- Legal Location : Block 37, Section 34, Township 1N, Abstract 1095
- Net Acres : 1.68
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $189/Month
Comments:
Update: 7/17/2024:
Sold
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Update 5/16/2024:
This listing is pending under contract.
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These mineral rights are located in an excellent location in Martin County.
We believe the owner has 1.68 NRA in the Harrell 34 unit with 80 acre spacing. There are 11 Ducs in the area that we believe are allocation wells, however 5 of the DUCs run through our client’s acreage, that we believe they have ownership in. We are attaching the acreage designation in our files showing these allocation wells.
These DUCs present immediate upside opportunity for a buyer and all income from these new DUCs will go to the buyer in this purchase.
The average income from the 2 current active wells is $189/Month.
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%, must be mutually agreeable.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Thursday, May 9th.
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 5/9/2024