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Leon, TX
I had no idea how straightforward and very simple it would be to sell mineral rights in Texas. Texas Royalty Brokers, represented by Eric Winegar provided guidance on the complete process. Confirming exactly how the TRB website described each step of the sales process. Eric and his staff followed up immediately on every question I presented. I had limited information about the value of the mineral rights prior to the final offer presented which exceeded my expectations. Working with TRB, I became educated about the process of selling mineral rights and convinced me I would never try to sell without having the representation offered by Texas Royalty Brokers.
Midland, TX
I had an excellent experience working with Eric Winegar at Texas Royalty Brokers. Eric was professional, knowledgeable, and responsive. He clearly explained every step and made the process easy and stress-free. His attention to detail and commitment to getting the best outcome for me exceeded my expectations. I highly recommend Eric and Texas Royalty Brokers to anyone needing trustworthy royalty services.
Leon, TX
Texas Royalty Brokers did Everything they said they would do. They communicated often, they always answered my questions quickly and I had a lot of questions.
Very professional company. They negotiated a very good price for my mineral rights.
I would recommend them highly.
Winkler, TX
I had an excellent experience with Eric Winegar and Texas Royalty. I found him to be very knowledgeable about big and small aspects of the industry and of my particular situation. He also was very timely in communications. I highly recommend them based on my experience.
Pecos, TX
I had a very good experience working with Eric and his team. Eric was very professional and due to his knowledge added a lot of insight into helping me sell my mineral interests. I was kept well informed on a weekly basis and once there was a buyer, Eric continued to help me understand the process. From the start to the finish, during the entire process I wasn’t ever disappointed. Eric has a great deal of experience and knowledge of mineral values and he also has many connections in the industry. If you are interested in selling minerals you own, I highly recommend you contact Eric and the good folks at Texas Royalty Brokers.
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Listing Title
Borden County Texas Mineral Rights for Sale
Listing ID
401165
Listing Status
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
Please click the download button below to view the listing files. Listing files include maps, check stubs, and other documentation.
Listing Details
Starting Bid: $375,000
- State : Texas
- County : borden
- Legal Location : Multiple locations, please see the attached files.
- Net Acres : 197
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $5,815/Month
Comments:
Update: 11/17/2023
Sold
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Update: 11/2/2023
Under Contract
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Update: 10/30/2023
Buyers can now submit their best and final offers until end of day, Wednesday, November 1st. *Important*: On this listing, we are representing $5,815/month in royalty income. The owner just provided their most recent October 2023 check stubs. In October 2023, the income was $6,927 which is a very solid increase in royalty income. The updated check stubs are attached to the listing.
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Update: 10/24/2023
We are going to leave the initial round of bidding open until Friday, October 27th. For those buyers who submit a bid prior to that deadline, we will provide best and final feedback early next week.
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This listing is an opportunity to purchase stable royalty income with significant upside potential in Borden County / Dawson County.
This ownership is mostly royalty interest, with a small amount of ORRI. These producing interests fall under more than 15,000 gross acres in two legacy high profit margin Spraberry / Dean waterflood units with shallow declines and significant upside development potential.
Over the last 6 months, the ownership has generated $5,815/month. During that same time frame, you can see from the attached charts that gas and oil have both been increasing meaning the royalty income is likely to move even higher from here.
There is significant upside potential in this area. Within the supporting documents, the seller has provided an executive summary along with supporting documents which shows the upside potential for buyers. This research is thorough and should help mineral buyers streamline the due diligence process on this deal. The seller has also provided check detail for all 3 operators. We have broken this out into a separate folder for quicker analysis.
Please note that the seller has other ownership within Borden County and other counties. What is being conveyed on this sale is only the royalty interests and ORRI’s in the Jo Mill unit and West Jo Mill unit. It is the intent of the seller to retain any mineral rights he may own outside of these locations.
We have attached supporting deeds that were available to show how the seller acquired these interests.
The starting bid price for this ownership is $375,000. When you consider rising commodity prices along with the upside potential, this ownership provides mineral buyers with immediate ROI and strong near term and long term upside.
Notice: All documentation and detail on this listing was provided by the seller with the exception of the deeds and maps / charts attached.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Tuesday, October 24th.
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.
Accepting Offers on 10/24/2023