Howard County Texas Mineral Rights for Sale

Starting Bid: $4,360,000

• State : Texas
• County : howard
• Legal Location : Block 31, T1N, Sections 27 and 26
• Net Acres : 581.34
• Active Lease : Yes
• Royalty Rate : 25%
• Producing : yes
• Average Income : $1,340/Month

Comments:

Update:  11/8/2023

Sold

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Update:  9/10/2023

Under Contract

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Update:  9/5/2023

Best and Final offers are due by 5:00 PM CST, Thursday, September 7th.

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Update:  8/30/2023

We are accepting bids on this listing until Friday, September 1st.  If you are interested in submitting a bid on this listing, please submit your bid before the deadline.

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Update:  8/28/2023

Now Accepting Offers

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This is a very rare opportunity to buy a substantial amount of acreage in Howard County.  This acreage has a little bit of everything.

There is existing production from 2 wells in 2 different units.  These wells are averaging around $1,340/month currently.  In the Levelland unit, there are currently two (2) wells in DUC status that were spud in 5/2023.  These wells are likely coming online soon and will provide an immediate ROI to the mineral buyer.  The buyer shall be entitled to all royalty income from these two new wells coming online.

The seller has also leased some additional acreage on the East side of Section 27 and also some acreage in Section 26. This lease agreement was signed in mid-2022 and the seller received a lease bonus of $133,377 for leasing this acreage in Section 27 and Section 26.

Please read through the lease agreement attached.  This is a very strong lease agreement that was negotiated by a savvy mineral owner.

We show the follow breakdown by status:

305.34 NRA –  Levelland Unit – 2 DUC wells on the bulk of the ownership
96 NRA – Guthrie Buford Unit
36.5 NMA / 73 NRA – Leased in Section 27
53.5 NMA / 107 NRA – Leased in Section 26

Total NRA – 581.34

The seller also own the surface which is not included in the sale.

All bids should be based on 581.34 net royalty acres owned.   Adjustments will be allowed on this listing based on how many NRA are owned as proven through title.  However, an adjustment is only allowed up to 5% of the offer amount and then must be mutually agreeable.  Any ownership not proven in title would be retained by the seller.

The starting bid price on this listing is $4,360,000 or $7,500 per net royalty acre.

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

Download Files

We will begin accepting offers on Monday August 28th.

All buyers are required to either do a 14 day close, make a $25,000 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.