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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
Buy mineral rights in Crockett County Texas
Listing ID
401220
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: $135,000
- State : Texas
- County : crockett
- Legal Location : Block 31, various sections
- Net Acres : N/A
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $2,113/Month
Comments:
Update 2/14/25:
Sold
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Update 2/6/25:
Pending under contract
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\This is a great opportunity to buy a nice cash flow producing property with diversification under a quality operator.
The owner has an interest in a super unit in Crockett County Texas with multiple vertical wells producing in a super unit. This production is coming from the South Cross unit operated by Oxy.
The cash flow being generated is averaging $2,113/month and is diversified over multiple wells. We are not representing a specific number of acres as this acreage is in a super unit under tracts, so it is unclear how many acres are owned. In addition, the value of this deal is based solely on the cash flow being generated. No adjustments will be allowed at closing unless mutually agreeable.
Please see the attached images. The seller currently has past due taxes in Crockett TX that amount to $3,782 as of 1/20/2025. The seller understands that this amount will be deducted from their proceeds at closing, and the buyer will pay off the taxes after closing.
The starting bid for the Crockett ownership is $135,000. All bids should be based on cash flow alone.
Additional ownership in Hood & Johnson TX:
The seller has additional ownership in Johnson TX and Hood TX. These mineral rights are generating around $200/month. These mineral rights are not included in the listing with a starting bid of $135,000. However, the seller is open to entertaining offers of $11,000+ on this acreage. Please make a separate bid for this acreage if you are interested. The files and information available for this acreage are included in the files.
For this listing, we are requiring the following:
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- Special Warranty Deed
- 30 Day Close
- No adjustments allowed to purchase price unless mutually agreeable. The value is based upon the cash flow alone.
- 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 January 28th, 2025.
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 1/28/2025