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Leon, TX
I had no idea how straightforward and very simple it would be to sell mineral rights in Texas. Texas Royalty Brokers, represented by Eric Winegar provided guidance on the complete process. Confirming exactly how the TRB website described each step of the sales process. Eric and his staff followed up immediately on every question I presented. I had limited information about the value of the mineral rights prior to the final offer presented which exceeded my expectations. Working with TRB, I became educated about the process of selling mineral rights and convinced me I would never try to sell without having the representation offered by Texas Royalty Brokers.
Midland, TX
I had an excellent experience working with Eric Winegar at Texas Royalty Brokers. Eric was professional, knowledgeable, and responsive. He clearly explained every step and made the process easy and stress-free. His attention to detail and commitment to getting the best outcome for me exceeded my expectations. I highly recommend Eric and Texas Royalty Brokers to anyone needing trustworthy royalty services.
Leon, TX
Texas Royalty Brokers did Everything they said they would do. They communicated often, they always answered my questions quickly and I had a lot of questions.
Very professional company. They negotiated a very good price for my mineral rights.
I would recommend them highly.
Winkler, TX
I had an excellent experience with Eric Winegar and Texas Royalty. I found him to be very knowledgeable about big and small aspects of the industry and of my particular situation. He also was very timely in communications. I highly recommend them based on my experience.
Pecos, TX
I had a very good experience working with Eric and his team. Eric was very professional and due to his knowledge added a lot of insight into helping me sell my mineral interests. I was kept well informed on a weekly basis and once there was a buyer, Eric continued to help me understand the process. From the start to the finish, during the entire process I wasn’t ever disappointed. Eric has a great deal of experience and knowledge of mineral values and he also has many connections in the industry. If you are interested in selling minerals you own, I highly recommend you contact Eric and the good folks at Texas Royalty Brokers.
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Listing Title
San Augustine County Texas Mineral Rights for Sale
Listing ID
401218
Listing Status
sold
- 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: $87,500
- State : Texas
- County : san-augustine
- Legal Location : A-227, A-551, A-337
- Net Acres : 24.33
- Active Lease : Yes
- Royalty Rate : 20%
- Producing : yes
- Average Income : $10/Month
Comments:
Update: 12/28/2024
SOLD
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Update: 11/27/2024
Under Contract
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This is an opportunity to buy acreage in San Augustine county with excellent upside potential. There is a single horizontal well drilled on a 684 acre unit leaving a lot of upside when future drilling occurs. With gas prices continuing to move higher, this is a great long term investment for the buy and hold oil and gas investor. There is activity in all directions surrounding this acreage. It’s only a matter of time before more drilling occurs here.
The owners are currently being paid by two operators. Both Exco and TGNR send royalty payment for this ownership. We took the combined ownership from each operator to get a combined .002223 NDI as seen on the ownership estimate and in the tax appraisal. There are two brother who own this acreage, with each brother having 12.17 NRA for a combined 24.33 NRA. The income being generated is spotty and not material, so we are estimating it at $10/month. We are showing a 20% lease royalty rate, however, this is unconfirmed and all bids should be based upon the net royalty acres owned.
Important Notes:
-Please note that this sale only includes the Park SU unit and does not include the Park West unit, which borders this unit and overlaps the same abstracts. The PSA and deed need to be very specific and clear that the ownership being conveyed is the Park SU unit only (including all right title and interest to that unit), but excludes the Park West unit. You may of course submit a bid for the Park West acreage, but the sellers intent is to only sell the Park SU.
-The sellers have additional acreage in San Augustine that does not convey with the sale. This sale is limited to a single unit.
-The seller may inherit additional acreage within this same unit in the future. As such, language must be included in the deed which restricts this sale to only the ownership owned as of today and does not include any future inheritance the sellers may get in this unit.
-With the above in mind, we are requiring that both the PSA and Deed as an Exhibit to the PSA be provided at the same time. IE the sellers will agree to the deed language up front at the same time as the PSA.
For this listing, we are requiring the following:
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- Special Warranty Deed – Provided as an Exhibit A to the PSA which is restricted to just this unit and does not include any future inheritance.
- 30 Day Close
- Any adjustments to purchase price greater than 10% must be mutually agreeable.
- Our closing process included in the PSA, which is: At closing, buyer will provide the final 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 Thursday, November 21st.
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 11/21/2024