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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
I found the team at Texas Royalty Brokers to be honest, competent, and focused on my needs. I plan on using them again and would not hesitate to recommend them.
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 in Leon County
Listing ID
401215
Listing Status
active
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - in progress
- Client Review - tbd
- Best and Final - tbd
- Under Contract - tbd
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: $135,000
- State : Texas
- County : leon
- Legal Location : A-685
- Net Acres : 25.92
- Active Lease : Yes
- Royalty Rate : 20%
- Producing : yes
- Average Income : N/A
Comments:
These mineral rights in Leon County provide excellent upside potential for a buyer.
We believe our client owns 25.92 NRA in the Fitz Gas Unit in Leon County. There is one vertical well in this unit on 704 acre spacing.
We have included a lease in our files that shows a 20% lease royalty rate, s well as pugh and no deductions clauses.
This is an active area, with a rig running next door and DUCs in adjacent units. With 704 acres and one well in our client’s unit, we believe there is fantastic future upside here.
Although our client shows income in the tax rolls for these mineral rights, the royalty income is sporadic and minimal, so we are not representing it in this listing. Our client is the executrix for her mother’s estate and we have documentation of such in our files.
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.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Wednesday, November 6th.
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 11/6/2024