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Leon, TX
I had no idea how straightforward and very simple it would be to sell mineral rights in Texas. Texas Royalty Brokers, represented by Eric Winegar provided guidance on the complete process. Confirming exactly how the TRB website described each step of the sales process. Eric and his staff followed up immediately on every question I presented. I had limited information about the value of the mineral rights prior to the final offer presented which exceeded my expectations. Working with TRB, I became educated about the process of selling mineral rights and convinced me I would never try to sell without having the representation offered by Texas Royalty Brokers.
Midland, TX
I had an excellent experience working with Eric Winegar at Texas Royalty Brokers. Eric was professional, knowledgeable, and responsive. He clearly explained every step and made the process easy and stress-free. His attention to detail and commitment to getting the best outcome for me exceeded my expectations. I highly recommend Eric and Texas Royalty Brokers to anyone needing trustworthy royalty services.
Leon, TX
Texas Royalty Brokers did Everything they said they would do. They communicated often, they always answered my questions quickly and I had a lot of questions.
Very professional company. They negotiated a very good price for my mineral rights.
I would recommend them highly.
Winkler, TX
I had an excellent experience with Eric Winegar and Texas Royalty. I found him to be very knowledgeable about big and small aspects of the industry and of my particular situation. He also was very timely in communications. I highly recommend them based on my experience.
Pecos, TX
I had a very good experience working with Eric and his team. Eric was very professional and due to his knowledge added a lot of insight into helping me sell my mineral interests. I was kept well informed on a weekly basis and once there was a buyer, Eric continued to help me understand the process. From the start to the finish, during the entire process I wasn’t ever disappointed. Eric has a great deal of experience and knowledge of mineral values and he also has many connections in the industry. If you are interested in selling minerals you own, I highly recommend you contact Eric and the good folks at Texas Royalty Brokers.
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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