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Client Reviews
Reeves, TX
Texas royalty brokers did a fabulous job getting my property sold efficiently professionally and quickly. Eric and Emily were prompt with returning calls and emails and made the entire transaction seamless! I would certainly use them again.
Leon, TX
Texas Royalty Brokers did a fantastic job marketing and selling my mineral rights. Eric and Emily were extremely helpful and patient in answering all my questions and guiding me through the process. They basically did all the paperwork. I would definitely use them again!
Andrews, TX
Eric and his staff at Texas Royalty Brokers were amazingly helpful! Between finding the value of my minerals, finding buyers, and handling the contracts. I couldn’t imagine dealing with the processes without them.
Thank you so much Eric!!!
Mitchell, TX
Texas Royalty Brokers was great to work with! The offer exceeded my expectations! Eric and Emily were very clear and organized with the process and made it easy. I would definitely use them again!
Karnes, TX
My experience with Tx Royalty Brokers was excellent. They basically did all the work as promoting and marketing my asset. I ended up getting what I wanted – my net payout was a multiple of over 66 months of my present monthly royalty payments.
I would highly recommended Eric and Emily to anyone who is interesting in marketing their mineral or royalty interests.
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Listing Title
Howard County Texas - Mineral Rights For Sale
Listing ID
401188
Listing Status
pending
- 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: $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: 4/29/2024
__________________
Under Contract
Update: 4/23/2024
Best and final offers due on Friday, April 26th.
__________________
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