sellers
Texas Royalty Brokers
Popular Topics
Mineral Rights Report
Buyers
New Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
Client Reviews
La Salle, TX
They were so Great… always up front, they did all the work and we got a very fair price… Didn’t have to bother with all the calls of other brokers with bait and switch offers. TRB are the Only way to sell your royalties and get a fair price.
Reeves, TX
My experience with Texas Royalty Brokers was excellent. Communication at every step in the process was maintained. The price received for the royalties exceeded our expectations. The entire process was completed in six weeks. I’d recommend Texas Royalty Brokers to anyone that considers selling.
Harrison, TX
Texas Royalty Brokers was easy to work with and were able to answer all of our questions quickly. We had a pleasant experience working with them.
Howard, TX
Working with Eric Winegar was a wonderful experience. He was always available to answer questions and helped get us to our closing quickly. I would definitely work with him again.
Ector, TX
I have had several correspondences over the recent past with Eric. Five stars is simply not enough! Navigating and trying to understand the mineral interests I inherited has been daunting, and further crazy with offers of purchase. Not knowing what to do or what to expect, I reached out to Texas Royalty Brokers and fortunately Eric responded to my inquiries. Has has been informative, up front, he has researched and quite honestly, has gone way above and beyond any expectations I had. Thank you, Eric!
Blog Categories
Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
Listing Title
Atascosa County Texas - Buy Mineral Rights
Listing ID
401201
Listing Status
pending
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - in progress
Please take a moment to learn more about each listing phase.
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: $450,000
- State : Texas
- County : atascosa
- Legal Location : A-1565, A-1232, A-499,
- Net Acres : 244.28
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $3,491/Month
Comments:
Update 8/15/24:
Pending under contract
_____________________
Update 8/5/24:
July check stub was added to the listing files average monthly income was adjusted accordingly.
_____________________
Update 7/22/24:
June check stub was added to the listing files average monthly income was adjusted accordingly.
_____________________
This is an opportunity to buy mineral rights in Atascosa County Texas that has excellent cash flow + upside potential.
These mineral rights are currently generating an average of $3,491/month in royalty income. The wells are just over 5 years old, so we are past flush production. The buyer will enjoy an immediate ROI.
In addition to the current income, we believe the owner has a total of 244.28 NRA spread across 3 different units. The McCarty A and McCarty B units are each 360 acres. There is currently a single well drilled in each unit, meaning there is room for additional wells to be drilled. There are 45 NRA in each unit respectively. In the McCarty C, this unit is larger at 708.49 acres. The seller has 154 NRA in this unit, with only 2 wells drilled on 708.49 acre spacing. There is a large upside opportunity in this acreage as well.
The asking price on this listing is $450,000. When you consider the upside potential in these 3 units and the spacing of the surrounding units, this is an exceptional opportunity to get immediate royalty income + huge upside potential.
Important: The check stubs appear to show this as a Royalty Interest. However, we believe this is a non-participating royalty interest and the seller does not have the executive rights. In the 2007 Warranty deed, it confirms the seller conveyed 50% of the minerals and 100% of the executive rights. While this may be an NPRI rather than an RI, this does not materially change the value as this acreage will almost certainly be HBP going forward.
Important: We believe the seller may own some surface rights in this area. No surface rights will convey with this ownership. Only mineral rights will convey.
For this listing, we are requiring the following:
- Special Warranty Deed
- 30 Day Close
- Any adjustments to purchase price over 10% must be mutually agreeable on a tract by tract basis.
- Our closing process included in the PSA, which is: At closing, buyer will provide the mineral deed. The seller will execute the mineral deed and return it to Texas Royalty Brokers. Texas Royalty Brokers will provide buyer with a scanned copy of the deed, and buyer will then wire funds to seller and Texas Royalty Brokers respectively. Once funds are confirmed, Texas Royalty Brokers will overnight the deed to the Buyer.
- Buyer must close within 14 days or sign our qualified buyer agreement.
We will begin accepting offers on Tuesday, July 30th.
To view/download the listing files, please visit the link below:
All buyers are required to either do a 14 day close or sign our qualified buyer agreement once a deal has been verbally agreed upon. In certain situations, we may require a $5,000 to $10,000 earnest deposit at the sole discretion of Texas Royalty Brokers.
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 7/30/2024