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Client Reviews
Glasscock, TX
I enjoyed working with Emily and Eric. They did exactly what they said they would do. They were very professional and communicated well. I would recommend them to anyone looking to sell their mineral rights.
Ward, TX
Eric and Emily were a pleasure to work with. I was able to quickly sell my resources for top dollar!
Lea, NM
Wonderful experience! Highly recommend the Texas Royalty Brokers
Hemphill, TX
Emily and Eric are fantastic and very helpful. I know nothing about royalties, etc. They made it so easy, quick and painless. 5 out of 5 stars for sure!!!!
Lavaca, TX
Texas Royalty Brokers assisted me in a sale; they were straightforward and clear on the process; answered every question I had along the way….I would recommend them…
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Listing Title
Buy Mineral Rights in Hemphill County
Listing ID
401207
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: $107,500
- State : Texas
- County : hemphill
- Legal Location : Block M1, Section 58 & 59, Abstracts 1268, 1381, 1384, 946, 149
- Net Acres : 75.74
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $1,427/Month
Comments:
Update 10/28/2024:
Sold
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Update 9/25/2024:
Contract pending
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This is a great property in Hemphill County with good cashflow and future potential upside.
We believe our client owns in 2 units with overlapping acreage.
The Francis unit sits above the L. A. Johnson unit and contain multiple vertical wells. The Francis 5859 EXL and WXL units overlap the Francis and L.A. Johnson units and have 5 newer, past flush production horizontal wells.
Our client receives an average of $1,427/Month in royalty income from the Francis and Francis EXL/WXL mineral rights with an additional approximately $100 every 6 months or so from the L.A. Johnson ownership.
Note: We believe our client owns the surface in this area. Only the mineral rights will convey in this sale.
For this listing, we are requiring the following:
- Special Warranty Deed
- 30 Day Close
- Any adjustments to purchase price over 10% must be mutually agreeable on a tract by tract basis.
- Our closing process included in the PSA, which is: At closing, buyer will provide the mineral deed. The seller will execute the mineral deed and return it to Texas Royalty Brokers. Texas Royalty Brokers will provide buyer with a scanned copy of the deed, and buyer will then wire funds to seller and Texas Royalty Brokers respectively. Once funds are confirmed, Texas Royalty Brokers will overnight the deed to the Buyer.
- Buyer must close within 14 days or sign our qualified buyer agreement.
We will begin accepting offers on Tuesday, September 17th.
To view/download the listing files, please visit the link below:
All buyers are required to either do a 14 day close or sign our qualified buyer agreement once a deal has been verbally agreed upon. In certain situations, we may require a $5,000 to $10,000 earnest deposit at the sole discretion of Texas Royalty Brokers.
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 9/17/2024