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Trusted by Mineral Owners
San Augustine, TX
I am so grateful for the guidance during the process of selling my mineral rights. This was a huge decision! Eric and his team are top notch professionals, answering any and all concerns/questions along the way. I would definitely recommend Texas Royalty Brokers!
Anderson, TX
I went into the listing and sale of mineral rights knowing nothing! TRB made the process easy. They explained every step of the process with frequent updates and were patient and prompt in answering any questions. I could not have navigated this process without them. I am truly grateful for their help and highly recommend TRB for anyone looking to sell their mineral rights.
Harrison, TX
I dealt with Emily and she did a wonderful job. She did research for me into the value of mineral rights and gave me the option to sell through them or to wait. I choose to hold on to my mineral rights for the time being but had a great experience working with her. I would definitely recommend to anyone needing help with their oil and gas mineral rights to give her a call.
Anderson, TX
They have great communication throughout the whole process. They are thorough in answering questions and are quick to respond. I am very satisfied with the service I received and will use them again.
Loving, TX
My sister and I had inherited some mineral rights from our mother’s estate, and we didn’t know where to begin. Emily and Eric both answered every question, gave us all the guidance we needed and we walked away with an offer/sale that was well above any that had been offered before. I would highly recommend Texas Royalty Brokers!
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Listing Title
Gaines County Texas Mineral Rights for Sale
Listing ID
401117
Listing Status
sold
This listing is SOLD. Please visit our listings page and set the status filter to “Active” to see currently active listings. If you want to buy mineral rights in Texas, sign up for listing notifications to receive emails when new listings are posted.
- 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.
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This listing is under contract. To protect our client’s privacy, the listing files are no longer available for download.
Listing Details
Starting Bid: $900,000
- State : Texas
- County : gaines
- Legal Location : Various legal locations, see attached.
- Net Acres : 212.6
- Active Lease : Yes
- Royalty Rate : 20%
- Producing : yes
- Average Income : $12,400/month
Comments:
If you have been looking for a cash flowing property this is the one!
The owner of these mineral rights has a large amount of acreage that is almost all producing. This acreage is part of a waterflood and has been a very consistent producer. The wells have already been producing for 10+ years so we are well past the initial decline of an oil and gas well. The mineral rights value on this acreage is based on the current cash flow.
Due the fact these wells are past flush production and consistent producers, the sellers are looking for an approximately 6 year pay back on their existing cash flow. These wells have been producing a very consistent $12,400/month in royalty income. It may fluctuate each month by +/- $500. The last 3 months of check stub detail is attached along with the last few years 1099’s to show how consistent the production has been.
The owner does not have any current offers to sell mineral rights on the table. They are interested in seeing what offers are out there. They are serious sellers. We are allowing a 7 day review period on this listing and will begin accepting offers shortly after.
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.
