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Client Reviews

Ward, TX

Rated 5 out of 5
May 6, 2022

The price I received after listing at Texas Royalty Brokers was shocking. I had multiple offers to sell, but I was not sure who to trust. I decided to list and let them walk me through the process. Our family was less concerned about the price and more concerned about not being taken advantage of. We ended up selling for over $600,000 more than the offers we were receiving. On top of that, they walk us through the sales process making sure we understood everything each step of the way. These guys are the real deal and our family is very grateful we found this company.

Sam L.

Winkler, Texas

Rated 5 out of 5
March 24, 2022

My family is extremely grateful that we found Texas Royalty Brokers. After receiving multiple offers to sell, we were ready to accept an offer and then found this company online. We decided to list and see if there were any better offers out there. We ended up selling over 40% higher. Had we simply taken the offer in hand, we would have left so much on the table. I highly recommend this company. They made the process simple and we walked away with more money.

Bethany A.

Glasscock, Texas

Rated 5 out of 5
February 4, 2022

We were trying to sell our mineral rights and getting overwhelmed with offers. We decided to list at Texas Royalty Brokers and let the buyers get into a bidding war. That’s exactly what happened! We ended up selling way higher than the offers we were seeing. Very happy we got a good price here.

Perry S.

Pecos, Texas

Rated 5 out of 5
January 28, 2022

We sold our ranch years ago but held onto the mineral rights. A few new wells were recently drilled and the royalty income was substantial. Once we figured out how much we would save in taxes by selling, it was an easy decision. The price we got was beyond our expectations.

Allen M.

Response from Texas Royalty Brokers

Thank you for the kind review Allen. It was a pleasure working with you and your family.

Midland, Texas

Rated 5 out of 5
November 23, 2021

When our family members sold their mineral rights, we were skeptical because they got a random offer in the mail. We decided to sell mineral rights at Texas Royalty Brokers and we are SO HAPPY that we did. We ended up selling our mineral rights in Midland County Texas for 30% more than our family members received. What they say is true. Competition go us a much better price. Highly recommend.

Ned and Anita H.

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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

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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

________________________________________

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.

________________________________________

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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