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Client Reviews

Reeves, TX

May 1, 2024

Texas royalty brokers did a fabulous job getting my property sold efficiently professionally and quickly. Eric and Emily were prompt with returning calls and emails and made the entire transaction seamless! I would certainly use them again.

Lindsay F.

Leon, TX

April 12, 2024

Texas Royalty Brokers did a fantastic job marketing and selling my mineral rights. Eric and Emily were extremely helpful and patient in answering all my questions and guiding me through the process. They basically did all the paperwork. I would definitely use them again!

Dan T.

Andrews, TX

March 27, 2024

Eric and his staff at Texas Royalty Brokers were amazingly helpful! Between finding the value of my minerals, finding buyers, and handling the contracts. I couldn’t imagine dealing with the processes without them.

Thank you so much Eric!!!

Rob O.

Mitchell, TX

March 25, 2024

Texas Royalty Brokers was great to work with! The offer exceeded my expectations! Eric and Emily were very clear and organized with the process and made it easy. I would definitely use them again!

Tuey R.

Karnes, TX

March 18, 2024

My experience with Tx Royalty Brokers was excellent. They basically did all the work as promoting and marketing my asset. I ended up getting what I wanted – my net payout was a multiple of over 66 months of my present monthly royalty payments.

I would highly recommended Eric and Emily to anyone who is interesting in marketing their mineral or royalty interests.

Mark P.

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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 - complete
  • Client Review - complete
  • Best and Final - complete
  • Under Contract - complete

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: $75,000

  • 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

Update:  2/6/2024



Update 1/11/2024

Sale Pending


Update 1/4/2024

The owner has provided their December check, which was $1,340 and above the average of $1,200/month we are representing.  We do not have a copy of the November check currently.

***Price Update***

The seller needs to sell these mineral rights immediately.  We have made an aggressive price reduction to $75,000 from the original price of $105,000.   Please submit your best offers and they will be considered.


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.

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.

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