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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
401188
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.
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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: $475,000
- State : Texas
- County : howard
- Legal Location : Howard County, Block 34 T1S, Abstract 423
- Net Acres : 45.25
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $620/Month
Comments:
Update: 6/7/2024
Sold
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Update: 4/29/2024
Under Contract
__________________
Update: 4/23/2024
Best and final offers due on Friday, April 26th.
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This property is located in a very active area of Howard County and is owned by a trust, we have provided the ownership breakdown below. The combined average monthly royalty income is $620/Month.
We believe the these owners have 45.25 NRA in this 480 acre unit. We have listed this excellent property at just under $10,500/NRA.
The 4 vertical wells in this property are located in the Tidwell unit with 480 acre spacing, leaving plenty of room for additional new horizontal wells.
Please note, there is an Adkins Tidwell horizontal well running through the 480 unit. We believe this is an allocation well, in which the trust does not have ownership. We also see some discrepancy in the tax roll vs the owners’ check stubs. We are basing NRA off of what is represented in the check stubs.
Trust ownership breakdown:
B. G. Wrather Revocable Trust fbo Christopher Wrather: 36%
B. G. Wrather Revocable Trust fbo Linda Wrather Finocchiaro, controlled by Christopher Wrather: 36%
B. G. Wrather Revocable Trust fbo Molly Dolle (deceased): 24% whose assets have now been distributed to Molly’s children (6% each)
B. G. Wrather Revocable Trust fbo Jason Wrather (deceased): 4%. These are now owned by Jason’s daughter Penelope Wrather.
Important: There are just two entities that own 72% of this, and one individual has signature authority over the 72%. The remaining acreage is split between 5 different owners. While all family members wish to sell, the 28% portion involves multiple parties.
All bids should be based upon the attached estimated NRA. If less NRA is proven in title, only the NRA proven in title would convey. Any adjustment over 10%, on a tract by tract basis, must be mutually agreeable.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Tuesday, April 16th.
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 4/16/2024