Buy ORRI in Denton County

Starting Bid: $107,000

• State : Texas
• County : denton
• Legal Location : Multiple
• Net Acres : 45.72
• Active Lease : Yes
• Royalty Rate : 12.5%
• Producing : yes
• Average Income : $1,388/Month

Comments:

Denton County, Texas ORRI  – 2 newly completed wells

This is an excellent opportunity to acquire an assumed 45.72 net royalty acres together with an overriding royalty interest (ORRI) in a highly active area of Denton County, Texas. The ownership currently generates an average monthly income of approximately $1,388, providing immediate cash flow while offering significant upside potential.

An exciting aspect of this package is the recent development activity. Two new wells, Yarbrough B et al Gas Unit Nos. 6 and 7, were completed last month, and all revenue attributable to these newly completed wells will belong to the buyer. Based on our review, we believe the seller’s overriding royalty interest in the Kille Unit remains active. The Yarbrough wells look to run through the Kille unit, so we believe our client would be in pay on these wells. We believe our client owns 4.67 NRA in this unit. Buyers should perform their own due diligence to confirm that the ORRI remains in effect and that this ownership will participate in revenues from the new wells.

In addition to the potential from the two newly completed wells, this package includes interests in several producing units throughout the area. While the asking price is supported by the existing cash flow, the newly completed wells and continued activity in the surrounding units present meaningful upside that may not yet be reflected in the current income. A complete list of the producing units is included in the accompanying well table and recent check stubs for buyer review, but include the Cole B (6.10 NRA), Riley Little Brook SA (5.24 NRA), Baker Ranch Estate Unit (19.55 NRA), the Eagle Farms GU A (10.15 NRA) and Kille Unit (4.67 NRA).

Priced based on existing cash flow, this offering provides buyers with immediate income while also presenting an attractive opportunity to benefit from recent drilling activity and potential future production growth. The net royalty acreage estimate is provided only for information only.

Notes:

*All bids should be placed based on cashflow value and the NDI listed on check stubs.  No adjustments to the purchase price will be allowed based on NRA.

* Our client may inherit additional mineral interests/ORRI in this location.  Only what’s currently owned by our client will convey.

*Please note that our bidding process will be followed on this listing. Our bidding process is designed to create a fair and transparent process for all buyers.  We do not give preference to any particular buyer.    There is no take it down price on this listing or any other listing we post.  No buyers will be given a last look or the ability to call at the last minute and outbid the best offers we have received.

We respectfully ask that you take just a few moments to review our bidding process:
Texas Royalty Brokers – Bidding Process

For this listing, we are requiring the following:

1. 1. Special Warranty Deed
   2. 30 Day Close
   3. No adjustment to the purchase price unless mutually agreeable.
   4. No future inheritance will convey. Only what’s currently owned by our client.
   5. Our closing process included in the PSA, which is:   At closing, buyer will provide the mineral deed.  The seller will execute the mineral deed and return it to Texas Royalty Brokers.  Texas Royalty Brokers will provide buyer with a scanned copy of the deed, and buyer will then wire funds to seller and Texas Royalty Brokers respectively.  Once funds are confirmed, Texas Royalty Brokers will overnight the deed to the Buyer.   
   6. Buyer must close within 14 days or sign our qualified buyer agreement.

To view/download the listing files, please visit the link below:

Download Files

We will begin accepting offers on Tuesday, July 14th. 

All buyers are required to either do a 14 day close or sign our qualified buyer agreement once a deal has been verbally agreed upon.  In certain situations, we may require a $25,000 earnest deposit at the sole discretion of Texas Royalty Brokers.

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.