La Salle County Mineral Rights For Sale

Starting Bid: $71,000

• State : Texas
• County : la-salle
• Legal Location : Multiple
• Net Acres : 20.43
• Active Lease : Yes
• Royalty Rate : 12.5%
• Producing : yes
• Average Income : $1,171/Month

Comments:

La Salle County, Texas Mineral Rights For Sale

This is an excellent opportunity to acquire producing mineral rights in La Salle County. The listing consists of our client’s trust’s current producing mineral interests in La Salle County, Texas, together with additional producing ownership that is in the process of being transferred from the decedent’s wife’s estate into the trust. The transferred ownership includes interests in the Bear Clause Allocation Units, providing buyers with additional NRA and royalty income in addition to what’s currently in pay.

The ownership currently receives royalty income from the KKL Unit I LAS, KKL HHC 12 LAS, KKL HHC 13 LAS, and Pavelka HC1 LAS Units, generating an average monthly royalty income of approximately $1,171 per month. These horizontal wells are relatively young at approximately 5 to 12 years old and continue to provide meaningful cash flow. Based on the net decimal interest currently in pay within the KKL Unit I LAS, we estimate the ownership to represent approximately 20.43 NRA. The asking price is based solely on the value of the current producing cash flow.

These mineral rights are located in a very active area in La Salle County, and are immediately next door to a rig running with several DUC wells and permits.

In addition to the producing interests, the ownership being transferred into the trust includes the Bear Clause Allocation Units, which are expected to provide additional royalty income once the transfer process is complete. While this additional income is anticipated to be relatively modest, it represents further upside beyond the current cash flow.

There may also be additional non-producing and/or non-leased mineral interests owned by the trust or associated with the family in La Salle and Frio Counties. Should title due diligence identify additional ownership, buyers are welcome to submit a separate offer for those interests, allowing the trust to convey all ownership in a single transaction.

Important notes regarding this listing:

*The ownership currently includes interests in the name of both the trust and the decedent’s wife. The transfer of the remaining ownership into the trust is currently in progress.

*All royalty proceeds and funds currently held in suspense that accrued prior to the effective date of conveyance shall remain the property of the trust and will not convey to the buyer. The trust is actively working with the operators to complete the ownership transfer and secure the release of all suspense funds.

*The estimated 20.43 NRA is provided for informational purposes only and is based upon the current producing decimal interest. Buyers should conduct their own due diligence regarding ownership, net royalty acreage, and future revenue expectations.

*All bids should be placed based on cashflow value and the NDI listed on check stubs.  No adjustments to the purchase price will be allowed based on NRA.

*Please note that our bidding process will be followed on this listing. Our bidding process is designed to create a fair and transparent process for all buyers.  We do not give preference to any particular buyer.    There is no take it down price on this listing or any other listing we post.  No buyers will be given a last look or the ability to call at the last minute and outbid the best offers we have received.

We respectfully ask that you take just a few moments to review our bidding process:
Texas Royalty Brokers – Bidding Process

For this listing, we are requiring the following:

1. 1. Special Warranty Deed
   2. 30 Day Close
   3. No adjustments to the purchase price unless mutually agreeable.
   4. 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.   
   5. Buyer must close within 14 days or sign our qualified buyer agreement.

To view/download the listing files, please visit the link below:

Download Files

We will begin accepting offers on Thursday, August 27th. 

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 $25,000 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.