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Client Reviews
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!
Panola, TX
Eric is First class, educational and honest. We had been offered a substantial amount for one of our mineral rights by mail. I was uncomfortable because the amount didn’t add up for me and I reached out to Texas Royalty Brokers for a second opinion. Eric took the time to explain the process, what he thought he might be able to do given the information he had at the time (which was no more than the offer letter I had been provided). I decided to give Eric a shot at the second opinion and sent in all the information required. Eric reviewed the information, did a substantial amount of research and scheduled a conference call.
Eric took the time to explain , with supporting maps and documentation, why selling was a bad idea for us. I learned more in a 30 minute conversation with Eric than I had in the three years since we inherited the royalties. Long story short, he saved us from making a several hundred thousand dollar mistake. He didn’t have to take the time educate us but he did. I highly recommend Eric and his team and will definitely use Eric if the time ever becomes right to sell.
Karnes, TX
Eric, it was a pleasure working with you! The outcome and timing was precisely as expected and communication was every bit on point. I thank you, my family thanks you! I will keep in touch. Respectfully,
The Trial’s
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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
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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.
