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Client Reviews

Howard, TX

Rated 5 out of 5
January 3, 2023

The team at Texas Royalty Brokers were so easy to work with. They made what sounds like a very confusing process, clear and straightforward. They were incredibly responsive and kind people to work with. I definitely recommend their services!

Bridget Z.

Tarrant, TX

Rated 5 out of 5
December 15, 2022

A great and straightforward experience. They answered all questions and made the process quick and easy. I highly recommend their services.

Robert S.

Howard, TX

Rated 5 out of 5
December 2, 2022

I engaged Texas Royalty Brokers to market my mineral interest after I received an unsolicited offer. They got me almost 2x the original offer, and they were professional and transparent through the entire process. Definitely plan to use them again.

Christopher W.

Karnes, TX

Rated 5 out of 5
November 1, 2022

After several months of researching the process of selling mineral rights, as well as researching several land/mineral brokers, I filled out the contact form for Texas Royalty Brokers. I received a reply from Eric Winegar almost immediately. From the start, Eric was easy to work with and I always felt that he was truly working with my best in mind. Throughout our numerous emails and phone calls, he was always courteous and professional and answered every question I asked. Some more than once! I was provided with all the drilling maps and financial information he used to determine the listing price and future drilling potential.

Once I accepted an offer, he handled all of the paperwork and walked me through every part of the process. And, when we ran into a snag (which he had prepared me to expect) and I started to question my decision to sell, he was so respectful of my indecision and provided me with all the information I needed to reassure myself that I was making the right decision. I can’t thank him enough. I wouldn’t hesitate to recommend Texas Royalty Brokers to anyone interested in selling their mineral interests.

Jann R.

Howard, TX

Rated 5 out of 5
September 19, 2022

16 years after inheriting Howard County mineral rights, and recently receiving increasing unsolicited purchase offers, we made the decision to sell. After thoroughly researching brokerage firms we decided to contact Texas Royalty Brokers which was a highly beneficial move. Eric could not have been easier to work with and we felt a strong fiduciary relationship throughout the entire process. Numerous phone calls and discussions were handled in a prompt, professional manner with precise explanations and valuable information offered, all delivered in a stress free environment. We feel that Eric went above and beyond our expectations and was a significant factor in our successful sell. We highly recommend Texas Royalty Brokers and Eric Winegar and would not hesitate to work with them in any future endeavors.

Traci D.

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Listing Title

Atascosa County Texas Mineral Rights for Sale

Listing ID

401122

Listing Status

sold

These mineral rights have been 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

To view all available documents for this listing, please click the download button.

Listing Details

Starting Bid: $1,325,000

  • State : Texas
  • County : atascosa
  • Legal Location : A-860, A-858, A604, A-605
  • Net Acres : 198.19
  • Active Lease : Yes
  • Royalty Rate : 12.5%
  • Producing : yes
  • Average Income : $26,975/month
Comments:

Update 4/14/2022 – Sold

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Update:  3/21/2022 – Sale Pending

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Update:  3/16/2022

We are now accepting offers for these mineral rights.  The mineral owner has verbally confirmed a check amount of $29,105.21 for March, so the average income for the last 3 months is over the listed amount.

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Looking for mineral rights with excellent cash flow?  Looking for mineral rights with upside?  This is an opportunity to buy mineral rights in Atascosa County Texas that will give you an immediate ROI with excellent future upside.    This production is all operated by EOG!

The owner of these mineral rights has received the following amounts from her last 3 check stubs:

12/2021 –  $33,639
1/2022  – $31,045
2/2022 – $26,976
3/2022 – $29,105

We have represented the average royalty income as the last check stub received because there is currently flush production coming from 6 wells (blackbuck and Wildebeest units).   However, the latest check is showing oil at just over $70/barrel.  With oil over $100/barrel, you will see very strong cash flow as higher oil prices are reflected in future checks.

This ownership is receiving income from 3 units:

Bereyl Unit – 110.30 NRA (estimated)
This unit represents the upside in this package.  There are currently only two horizontal wells producing on a 615 acre unit.  There is plenty of room to add additional wells and those wells will be generate significant production when they come online.

Blackbuck Unit – 48.34 NRA (estimated)
There are currently 4 horizontal wells, 3 drilled in 2020, that are producing some solid royalty income.  With a nearly 600 acre unit, there may be room for additional wells within this unit.

Fallow / Wildebeest units – 39.54 NRA (estimated)
This acreage appears to be fully drilled up, with the Wildebeest wells coming online in late 2020.  This acreage is generating some very solid royalty income.  When comparing the Fallow Wells to the Wildebeest wells, we believe there is overlap on these units.  However, we believe there may be around 3 to 5 NRA in the Wildebeest unit that is not accounted for in the Fallow unit.  Our ownership estimate takes a conservative approach and uses only the Fallow ownership of 39.54 net royalty acres.

The owner receives her check stubs around the 11th or 12th of each month.  The seller has agreed to take this months check (March check date), and she will let all future checks go to the buyer if this property is under contract in March 2022.   The buyer will receive April check dates and forward.

The owners purchased the land/mineral around 1991.  At that time, we noted a number of mineral rights reservations.  In 2000, the owner sold the land but retained a 50% ownership in the mineral rights as a non-participating royalty interest.   We believe the EOG check stubs are incorrectly showing her ownership at RI when it should be NPRI based on the attached mineral deed showing they reserved a 50% NPRI.  We don’t believe this has a material impact on the ownership at this point as the acreage is all HBP and will likely remain that way for decades.   However, we wanted to buyers to be aware of this before making a bid.

We have attached our estimate of the number of net royalty acres owned, assuming a 12.5% lease rate since this an NPRI and we do not know the actual lease rate.  While we have provided an estimated number of net royalty acres owned, all bids should be made based upon the decimal interest listed on the check stubs.  The seller does not want any adjustments at closing unless EOG has been paying the incorrect decimal interest.  No adjustments will be allowed if this is in fact an NPRI and not an RI.

Note:  The seller currently has an offer on the table so all bids will need to be a minimum of $1,325,000 or better.  Any bids under $1,325,000 will not be considered.

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.

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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