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Client Reviews

Howard, TX

Rated 5.0 out of 5
August 15, 2023

Recently, I inherited some mineral rights and soon began receiving offers in the mail. Being new to the whole process, I was quite unsure about the best steps forward. After conducting some research, I decided to list the rights with Texas Royalty Brokers, and it was the best decision I made! The team provided me with comprehensive knowledge about the market, ensuring I had all the data in front of me to make an informed decision. Not only were they professional and thorough, but also transparent in all our dealings. The result? The offers I got through Texas Royalty Brokers were substantially higher than any of those I received in the mail. For anyone navigating the complex world of mineral rights, I can’t recommend Texas Royalty Brokers enough. Their expertise and commitment to clients are unmatched. The outcome speaks for itself. Thank you, Texas Royalty Brokers, for making this experience smooth and profitable!

Alexis H.

Reeves, TX

Rated 5.0 out of 5
July 17, 2023

Texas Royalty Brokers truly understood the value of my minerals and worked tirelessly to secure a deal that left me pleasantly surprised. They kept me informed throughout the process, with no confusing jargon or hidden agendas. Just honest and straightforward communication.

Albert K.

Reagan, TX

Rated 5.0 out of 5
May 11, 2023

Eric and his company did a fantastic job throughout my entire selling process. They are very knowledgeable, gracious, and efficient. Eric personally went above and beyond in communication to me and my family and I would recommend him and his company to anyone. I’m incredibly satisfied.

Sean G.

Dimmit, TX

Rated 5.0 out of 5
May 10, 2023

Worth every penny! I can’t say enough about what a pleasant experience this was, thanks to Eric Winegar. Being completely unfamiliar with how to go about selling our family’s mineral interests, I had no idea where to begin. Then I received a brochure in the mail from Texas Royalty Brokers. It answered many of my questions (as well as some I didn’t know I should have), so I checked out their website. I found a wealth of information there as well, so I filled out their online inquiry form. I quickly heard from Eric, provided a few royalty check stubs, and from there he literally took care of everything else.

Eric explained every step of the process along the way and answered all my rookie questions with the utmost professionalism. His experience and expertise in this industry is invaluable and I could not have imagined an easier process.

Lisa S.

Panola, TX

Rated 5.0 out of 5
May 4, 2023

Eric Winegar was incredible. He took time to pull together data and explained in great detail the specifics of our mineral interests. We had an offer that could have potentially been a horrible mistake and Eric saved the day! We are so grateful for the time he took to put everything together and explain it to where we could understand it. He is so knowledgeable!

Christi Potts

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Listing Title

Buy Mineral Rights in Grimes County Texas

Listing ID


Listing Status


Accepting Offers on 11/21/2023
  • Listing Posted - complete
  • Listing Evaluation - complete
  • Accepting Offers - in progress
  • Client Review - tbd
  • Best and Final - tbd
  • Under Contract - tbd

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: $105,000

  • State : Texas
  • County : grimes
  • Legal Location : J.W. Stoddard Survey, Abstract 415
  • Net Acres : 42.4
  • Active Lease : Yes
  • Royalty Rate : 20%
  • Producing : yes
  • Average Income : $1,200/Month

This is an exceptional opportunity to buy mineral rights that provide an immediate ROI, exposure to rising natural gas prices, and long term upside potential.

There is currently a single vertical well producing on a 524.1 acre unit.   This well was drilled to 5,500 feet in 2019 and has been a very solid gas producer along with some oil production as well.    There is strong upside potential in drilling additional vertical wells or horizontal wells in the future.

The lease agreements and deeds attached appear to show the owner with 42.4 NMA.  However, the plat map and our ownership calculation would show it slightly higher at 42.63 NMA.  We are assuming a 20% lease based upon the past lease from 2011 at 20% and the fact that a 20% lease would make the ownership calculation match the plat map acreage provided exactly. This means the owner of these mineral rights has 42.4 NMA, or 64.78 NRA.

Over the last couple of months, the seller has received an average of $1,200/month.  However, on the royalty statements you can see that the gas price was just $2.11 in October and $2.27, while today we are sitting just over $3.00.  This means the royalty checks should increase by approximately 40% in the coming months making the royalty income closer to $1,600/month at $3 gas by our estimates.

At $1,200/month, you are getting a 7.29 year pay back or 13.7% rate of return with large upside potential from any future drilling, workovers, or recompletes.  As income increases due to higher gas prices, and assuming $1,600/month royalty income, your pay back is just 5.5 years or 18.32% + upside potential.

This is a great opportunity to pick up a property generating immediate ROI with strong future upside potential.

Important:  The sellers desire is to sell this property quickly.  For financial reasons, speed in closing is very important here and a fast close will be a priority.   The seller does have $1,520.43 as of 11/14/2023 in property taxes due to Grimes County.  She understands that this will be deducted from the purchase price at closing.  In addition, the seller also owes an amount to the IRS.  This may or may not need to be paid off prior to closing.  Once an offer is accepted, we will discuss the options for this amount due.  The amount is far below the current value.

No surface ownership conveys with these mineral rights.

All offers should be based upon the NDI on the check stubs.  We are not representing a specific number of acres owned even though the documentation provides a pretty clear picture that this is right around 42.4 NMA / 64.78 NRA.  No adjustments would be allowed unless title shows the operator has been paying incorrectly and the NDI is wrong and then only the NDI proven in title would convey.

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

Download Files

We will begin accepting offers on Tuesday, November 21st.

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.

Buyer Inquiry