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Client Reviews
Howard, TX
Recently, I inherited some mineral rights and soon began receiving offers in the mail. Being new to the whole process, I was quite unsure about the best steps forward. After conducting some research, I decided to list the rights with Texas Royalty Brokers, and it was the best decision I made! The team provided me with comprehensive knowledge about the market, ensuring I had all the data in front of me to make an informed decision. Not only were they professional and thorough, but also transparent in all our dealings. The result? The offers I got through Texas Royalty Brokers were substantially higher than any of those I received in the mail. For anyone navigating the complex world of mineral rights, I can’t recommend Texas Royalty Brokers enough. Their expertise and commitment to clients are unmatched. The outcome speaks for itself. Thank you, Texas Royalty Brokers, for making this experience smooth and profitable!
Reeves, TX
Texas Royalty Brokers truly understood the value of my minerals and worked tirelessly to secure a deal that left me pleasantly surprised. They kept me informed throughout the process, with no confusing jargon or hidden agendas. Just honest and straightforward communication.
Reagan, TX
Eric and his company did a fantastic job throughout my entire selling process. They are very knowledgeable, gracious, and efficient. Eric personally went above and beyond in communication to me and my family and I would recommend him and his company to anyone. I’m incredibly satisfied.
Dimmit, TX
Worth every penny! I can’t say enough about what a pleasant experience this was, thanks to Eric Winegar. Being completely unfamiliar with how to go about selling our family’s mineral interests, I had no idea where to begin. Then I received a brochure in the mail from Texas Royalty Brokers. It answered many of my questions (as well as some I didn’t know I should have), so I checked out their website. I found a wealth of information there as well, so I filled out their online inquiry form. I quickly heard from Eric, provided a few royalty check stubs, and from there he literally took care of everything else.
Eric explained every step of the process along the way and answered all my rookie questions with the utmost professionalism. His experience and expertise in this industry is invaluable and I could not have imagined an easier process.
Panola, TX
Eric Winegar was incredible. He took time to pull together data and explained in great detail the specifics of our mineral interests. We had an offer that could have potentially been a horrible mistake and Eric saved the day! We are so grateful for the time he took to put everything together and explain it to where we could understand it. He is so knowledgeable!
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Listing Title
Buy Mineral Rights in Andrews County Texas
Listing ID
401167
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: $320,000
- State : Texas
- County : andrews
- Legal Location : Multiple locations and units, please see the attached files.
- Net Acres : 220.91
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $1,868/Month
Comments:
This is an opportunity to buy a nice size acreage position in Andrews County Texas with consistent production + upside potential.
The owner of these mineral rights has ownership in effectively four different locations within Andrews.
Shafter Lake & Andrews Mega Units:
We are not representing any NRA on these particular units due to the fact they are mega units, but they are included in the sale. The Andrews unit appears to be just a fraction of an acre with minimal royalty income, so there is not much value there. The Shafter Lake Unit appears to have larger NDI’s. These could represent a reasonable amount of acreage in that unit. Apache did drill some horizontals in this area back in 2010, so there is some upside potential in the Shafter Lake Unit if there was drilling on the specific tracts of ownership here.
Bessie & Carmichael Wells:
This ownership represents the bulk of the acreage and the bulk of the royalty income. The Bessie and the Carmichael overlap. We estimate this to be 174 NRA. This area does appear to be very drilled up, but there may be additional upside potential from future workovers or recompletes. These wells are past the initial decline, but still have plenty of useful life remaining. This gives the buyer a near term ROI for this investment while the upside potential from other locations plays out.
McCollum Wells
We are showing around 20 NRA on the McCollum wells operated by Zarvona. The royalty income is nominal here, but the acreage has nice upside potential. There are some old vertical wells producing here, but no horizontal activity.
Carbright Unit
There is an old P&A well called the Carbright 23 that the seller has an ownership in. We estimate the NRA here at 26.6. This acreage could be leased and then eventually produce providing another solid upside potential in this package.
The seller would like to sell all production represented on the check stubs as a total package. All bids should be based upon the NRA owned. However, a mutually agreeable maximum adjustment amount would be included in the contract due to the current royalty income.
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Important: The seller has an outstanding loan with TCT Financial. The pay off amount as of 11/8/2023 is $62,489.90. The seller understands that whatever amount they owe will be deducted at closing and the buyer will pay off the loan with TCT. In addition, TCT financial has a right of first refusal on any offer. With that said, in our experience, it is uncommon for TCT to match a top offer.
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To view/download the listing files, please visit the link below:
We will begin accepting offers on Tuesday, November 21st.
All buyers are required to either do a 14 day close, make a $5,000 deposit, or sign our qualified buyer agreement once a deal has been verbally agreed upon.
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 11/21/2023