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Client Reviews

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.

Shelby, TX

Rated 5 out of 5
August 1, 2022

By listing our mineral interests with Texas Royalty Brokers, my husband and I received an offer more than 50% higher than the best offer we received in the mail. And, the expert guidance we received from Eric Winegar through the entire process was just as important.

Eric established value, listed the property, discussed options, vetted and coordinated paperwork, always provided thoughtful and knowledgeable guidance, clearly answered our many questions, and looked after our interests, keeping us informed every step along the way. We are so glad that we listed our property with Texas Royalty Brokers.

Linda, N.

La Salle, TX

Rated 5 out of 5
June 24, 2022

Our family was on the fence about selling mineral rights until we got a really high offer in the mail. We reached out to see if the offer was a fair one. Within just minutes the company responded and walked us through the value of the mineral rights. We decided to list the mineral rights to see if there was a better offer. Sure enough, we got a bid that was even higher. I can’t thank Eric and the team at Texas Royalty enough for helping our family with the sale of these mineral rights. We are truly thankful.

Amy R.

Harrison, TX

Rated 5 out of 5
June 18, 2022

We got an offer from [redacted] in the mail. I knew this offer was a low ball offer, but we hadn’t really thought about selling until the offer came in. My wife and I didn’t want to be greedy, but we also wanted to sell for the best price we could find. I reached out to a few other buyers and then decided to list this at Texas Royalty Brokers. It was the best decision we could have made. We ended up walking away with substantially more money.

Arnold P.W.

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.

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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.

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