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Client Reviews

Reeves, TX

May 1, 2024

Texas royalty brokers did a fabulous job getting my property sold efficiently professionally and quickly. Eric and Emily were prompt with returning calls and emails and made the entire transaction seamless! I would certainly use them again.

Lindsay F.

Leon, TX

April 12, 2024

Texas Royalty Brokers did a fantastic job marketing and selling my mineral rights. Eric and Emily were extremely helpful and patient in answering all my questions and guiding me through the process. They basically did all the paperwork. I would definitely use them again!

Dan T.

Andrews, TX

March 27, 2024

Eric and his staff at Texas Royalty Brokers were amazingly helpful! Between finding the value of my minerals, finding buyers, and handling the contracts. I couldn’t imagine dealing with the processes without them.

Thank you so much Eric!!!

Rob O.

Mitchell, TX

March 25, 2024

Texas Royalty Brokers was great to work with! The offer exceeded my expectations! Eric and Emily were very clear and organized with the process and made it easy. I would definitely use them again!

Tuey R.

Karnes, TX

March 18, 2024

My experience with Tx Royalty Brokers was excellent. They basically did all the work as promoting and marketing my asset. I ended up getting what I wanted – my net payout was a multiple of over 66 months of my present monthly royalty payments.

I would highly recommended Eric and Emily to anyone who is interesting in marketing their mineral or royalty interests.

Mark P.

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Listing Notifications

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Listing Title

Buy Mineral Rights in Andrews County Texas

Listing ID

401167

Listing Status

sold

Accepting Offers on 11/21/2023
  • 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: $200,000

  • 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 : $1,930/Month
Comments:

Update: 3/19/2024

Sold

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Update: 1/19/2024

Under Contract

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Update:  1/10/2024

We have uploaded some additional check stubs which cover November.  The average income bumped up slightly to $1,930/month.

In addition, we have done a very large price reduction!  This was previously listed at $320,000 and is now listed at $200,000.  The seller has an offer on the table, and if we don’t have another offer prior to 1/19, they will take the offer in hand.  Any offer of $200,000+ will be considered.

All bids due by 1/19!

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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:

Download Files

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.

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