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Client Reviews
La Salle, TX
They were so Great… always up front, they did all the work and we got a very fair price… Didn’t have to bother with all the calls of other brokers with bait and switch offers. TRB are the Only way to sell your royalties and get a fair price.
Reeves, TX
My experience with Texas Royalty Brokers was excellent. Communication at every step in the process was maintained. The price received for the royalties exceeded our expectations. The entire process was completed in six weeks. I’d recommend Texas Royalty Brokers to anyone that considers selling.
Harrison, TX
Texas Royalty Brokers was easy to work with and were able to answer all of our questions quickly. We had a pleasant experience working with them.
Howard, TX
Working with Eric Winegar was a wonderful experience. He was always available to answer questions and helped get us to our closing quickly. I would definitely work with him again.
Ector, TX
I have had several correspondences over the recent past with Eric. Five stars is simply not enough! Navigating and trying to understand the mineral interests I inherited has been daunting, and further crazy with offers of purchase. Not knowing what to do or what to expect, I reached out to Texas Royalty Brokers and fortunately Eric responded to my inquiries. Has has been informative, up front, he has researched and quite honestly, has gone way above and beyond any expectations I had. Thank you, Eric!
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Listing Title
Gaines County Texas Mineral Rights for Sale
Listing ID
401148
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, February 16th.
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: $132,500
- State : Texas
- County : gaines
- Legal Location : Various, please see the attached map
- Net Acres : N/A
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $3,041/Month
Comments:
Update: 4/6/2023
SOLD
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Update: 2/21/2023
Accepting best and final bids by end of day on Thursday, February 23rd.
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Update: 2/15/2023
Tomorrow we will begin accepting bids on this acreage. We are expecting multiple bids based on initial feedback. We will be leaving the bidding open until end of day on Monday, February 20th. We will then discuss the bids with the seller, confirm they are prepared to move forward at the market prices we are seeing or better, and then circle back to buyers for a best and final opportunity if necessary. Please feel free to hold your bids until Monday if you prefer.
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This is a great opportunity to purchase some excellent cash flow that is extremely diversified. The owner has production coming from approximately 150 vertical wells. The monthly cash flow is averaging just over $3,000/month. The owner receives income from 4 different operators, which are: Jetta, Parallel, Sabinal, and Zarvona.
We have attached a wells table which shows all the wells currently in production. We have spot checked the ownership data and found the owner in all of them that we spot checked. While we believe the wells table is correct, this data should not be used as the basis for your offer. There could be wells on the list which are NOT included in the sale, or there could be missing wells which ARE included in the sale. The check stubs determine what is being sold.
We are not representing any specific number of acres on this listing.
This ownership is held in a Trust, and the Personal Representative (Donna) will execute the deed at closing. We have attached the Will naming Donna as the PR.
All offers should be made a cash flow basis. No adjustments will be allowed at closing unless mutually agreeable.
The starting bid price for this listing is $132,500, which at $3,000/month is a 3.7 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, February 16th.
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 2/16/2023