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Listing Title
Hockley County Texas - Mineral Rights For Sale
Listing ID
401192
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: $565,000
- State : Texas
- County : hockley
- Legal Location : Section 25, A-14, A-139
- Net Acres : 111.87
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $9,660/Month
Comments:
Update 6/12/2024
Sold
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Update 5/29/2024
Sale Pending
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Update 5/20/2024:
New check stubs have been added to this listing and files for the client’s individual ownership. Due to previous payment history for the trust, we can infer that royalty income is similiar to the below.
April Phillips royalty payment was $3,853.52
May Phillips royalty payment was $4,608.81
May Burk royalty payment was $747.72
This income is holding steady and consistent for this ownership.
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Here is an excellent opportunity to purchase mineral rights in Hockley County, Texas. This property produces a great average combined monthly income of $9,660.
Our client is selling her individual ownership, which we believe is 58.87 NRA. She is also the trustee for additional ownership that she selling with her acreage, which we believe is 53 NRA. We believe these two properties have a combined total of 111.87 NRA.
There are 3 units in this property:
The Mears unit has 3 active wells on 153.7 acre spacing.
The Dragon 18 unit has 1 active well on 73.6 acre spacing.
The Arnwine 1, 3, and Arnwine-Wilson units have 4 active wells on we believe to be overlapping acreage, therefore we are only counting the Arnwine 3 unit acreage of 147.62.
Please note, there is a Certification of Trust signed May 2022 that does not list our seller, however this is an updated Certification of Trust from October of the same year that lists our seller. Both documents are included in our files.
All bids should be based upon cash flow value, no adjustments will be allowed unless the net decimal interest is lower than what the seller is in pay on. If less NDI is proven in title, only the NDI proven in title would convey. Any adjustment must be mutually agreeable.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Tuesday, May 7th.
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 5/7/2024