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Lea, NM
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Listing Title
Buy Mineral Rights - Harrison County Texas
Listing ID
401182
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.
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: $210,000
- State : Texas
- County : harrison
- Legal Location : Multiple locations
- Net Acres : 82.68
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $605/Month
Comments:
Update 8/9/24:
Sold
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Update 6/27/24:
This property is pending under contract
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Update 4/11/24:
We have reduced the price on this listing from $242,500 to $210,000
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Here is a large ownership opportunity in Harrison County. We believe the owner has a total 82.68 net royalty acres in the 3 units described below.
This is leased and producing acreage providing an average of $605/month with upside potential in all 3 units.
Thelma Moseley Gas Unit:
We believe the owner has 58.22 net royalty acres in this 704 acre unit. There are 3 active wells on this property, 2 horizontal and 1 vertical, with spacing for additional future wells. This unit provides the majority of the monthly royalty income for the owner.
Cook Gas Unit:
This unit is 666.5 acres and we believe the ownership is 24.31 net royalty acres, which includes some overlap of the Maggie Cook Unit. There are 4 producing vertical wells on this acreage with potential room for more.
Dinkle and Dinkle Deep Gas Units:
The owner has a small ownership of we believe approximately .15 net royalty acres on these units. The units are different sizes, and the owner has slightly different NDI in each, but we believe it’s approximately .15 net royalty acres. The owner receives royalty income from this ownership on average once a year, therefore it is not included in our representation of monthly average income.
All bids should be based upon the attached estimated NRA. If less NRA is proven in title, only the NRA proven in title would convey. Any adjustment over 10% must be mutually agreeable.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Wednesday, March 27th.
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 3/27/2024