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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
401160
Listing Status
sold
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - in progress
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: $115,000
- State : Texas
- County : dimmit
- Legal Location : Various, please see attached files and maps.
- Net Acres : 56.6
- Active Lease : Yes
- Royalty Rate : 20%
- Producing : yes
- Average Income : $1,078/Month
Comments:
Update: 9/15/2023
Sold
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Update: 8/22/2023
Sale Pending
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Update: 8/8/2023
We have updated the listing with the latest check stub information, an updated revenue summary, and a chart showing the production from the JIC #1 well. The production has declined from when we originally posted this listing, so we have updated the royalty income on this accordingly.
The asking price has been reduced from $140K to $115K.
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Update: 7/21/2023
Large 25% price reduction from $185K to $140K on this listing.
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This is an opportunity to buy mineral rights in Dimmit County Texas. There are 56.6 net mineral acres with a 20% lease. These mineral rights are currently producing around $2,180/Month. There are two operators, CML and Contango.
The JIC #1 well is a relatively new well. We used the average income from the first 6 months of 2023 to come up with the average number, as we only have two check stubs available.
There is a new “JIC Buda” well that appears to be in the same unit as the JIC well. However, the seller has contacted the operator who has told them they are NOT included in this well. This JIC Buda well doesn’t appear to be an allocation well or a PSA well, so we are not sure the reason why the seller wouldn’t be included on that particular well. The seller has asked for clarification on why, but so far we have not gotten a response from the operator.
The Huffman unit well appears to overlap the JIC unit. The owner has a different NRI here, but we believe this ownership to be overlapping the JIC unit. We are using the larger NMA calculation from the Huffman unit, and it appears there is less acreage that fell into the JIC unit.
The seller would like to start the bidding at $185,500. The seller does have offers on the table here in the ball park of the starting bid price.
A family member has an identical interest, and if the pricing is right, they may consider a sale also meaning this deal could double in size.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Monday, July 17th.
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 7/17/2023