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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
Dimmit County Texas Mineral Rights for Sale
Listing ID
401149
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.
We are currently in the listing evaluation phase for these mineral rights. We will begin accepting offers on Thursday, April 20th.
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: $265,000
- State : Texas
- County : dimmit
- Legal Location : Various, please see the attached map
- Net Acres : 40.00
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $5,180/Month
Comments:
Update: 5/8/2023
SOLD
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Update: 4/26/2023
Under Contract
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Update: 4/21/2023
Client considering offers.
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Update: 4/20/2023
We will be accepting offers on this listing until close of business on Friday, April 21st. Feedback will be provided to all buyers who submit a bid on Monday afternoon.
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Update: Maps have been fixed.
The owner of these mineral rights has 40 net royalty acres in Dimmit County Texas. These mineral rights are producing an average of over $5,000 with steady income. All of the production is from wells that are well past the initial decline, yet have decades of reserves making this an exceptional investment for buyers looking for fully PDP acreage.
The seller receives 2 checks each month. One check is from oil production and the other check is from gas production. On the revenue summary attached, we have this broken down as two different line items.
We are working with the owners daughter on this ownership. The owners daughter has POA which we have attached to the listing.
All offers should be made a cash flow basis. No adjustments will be allowed at closing unless mutually agreeable. We are estimating 40 net royalty acres, but no adjustments will be allowed based on the number of acres owned.
The starting bid price for this listing is $265,000, which at $5,180/month is a 4.3 year pay back. This is a great opportunity to buy some nicely diversified royalty income.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Thursday, April 20th.
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 4/20/2023