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Client Reviews
Ector, TX
I have had several correspondences over the recent past with Eric. Five stars is simply not enough! Navigating and trying to understand the mineral interests I inherited has been daunting, and further crazy with offers of purchase. Not knowing what to do or what to expect, I reached out to Texas Royalty Brokers and fortunately Eric responded to my inquiries. Has has been informative, up front, he has researched and quite honestly, has gone way above and beyond any expectations I had. Thank you, Eric!
Gonzales, TX
Working with Texas Royalty Brokers was seamless. They are helpful, communicative, transparent, and efficient. I did a sale on my own and one with Texas Royalty Brokers and would recommend doing the process with them!
McMullen, TX
Texas Royalty Brokers is an outstanding firm that went above and beyond my expectations.
Eric and Emily were able to negotiate the value of my minerals more than I expected to receive, as well as, expedite the process with ease.
I am thankful for all their hard work.
If you’re considering selling minerals in Texas, do yourself a favor and contact them.
San Augustine, TX
I cannot say enough positive things about my experience with Texas Royalty Brokers! Eric was always responsive to my many questions and guided me expertly through what was a foreign process to me. I highly recommend Texas Royalty Brokers to anyone who is interested in selling mineral/royalty rights.
Hemphill, TX
Eric and Emily were awesome! Very professional, informative and kept me informed and up to date on proceedings. Had a great experience!
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Listing Title
Howard County Texas Mineral Rights for Sale
Listing ID
401164
Listing Status
sold
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - in progress
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: $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:
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.
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 8/28/2023