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Client Reviews
San Augustine, TX
I am so grateful for the guidance during the process of selling my mineral rights. This was a huge decision! Eric and his team are top notch professionals, answering any and all concerns/questions along the way. I would definitely recommend Texas Royalty Brokers!
Anderson, TX
I went into the listing and sale of mineral rights knowing nothing! TRB made the process easy. They explained every step of the process with frequent updates and were patient and prompt in answering any questions. I could not have navigated this process without them. I am truly grateful for their help and highly recommend TRB for anyone looking to sell their mineral rights.
Harrison, TX
I dealt with Emily and she did a wonderful job. She did research for me into the value of mineral rights and gave me the option to sell through them or to wait. I choose to hold on to my mineral rights for the time being but had a great experience working with her. I would definitely recommend to anyone needing help with their oil and gas mineral rights to give her a call.
Anderson, TX
They have great communication throughout the whole process. They are thorough in answering questions and are quick to respond. I am very satisfied with the service I received and will use them again.
Loving, TX
My sister and I had inherited some mineral rights from our mother’s estate, and we didn’t know where to begin. Emily and Eric both answered every question, gave us all the guidance we needed and we walked away with an offer/sale that was well above any that had been offered before. I would highly recommend Texas Royalty Brokers!
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Listing Title
Buy Mineral Rights - Irion County Texas
Listing ID
401179
Listing Status
not available
- 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: $125,000
- State : Texas
- County : irion
- Legal Location : Multiple locations
- Net Acres : 91.31
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $2,360/Month
Comments:
Update: 5/14/24
Seller has decided to hold onto his mineral rights, therefore this listing is no longer available.
______________________
Update: 3/27/2024
The price has been reduced from $140,000 to $125,000.
March check stub added to the listing. Up from February at $2,425.06
______________________
Update: 3/13/2024
The price has been reduced from $160,000 to $140,000.
______________________
These mineral rights are in Irion County, TX. We believe the owner has 91.31 net royalty acres. This is a great opportunity to purchase consistent cash flow from fully PDP acreage.
These wells are past the initial decline and should be solid income producing wells for a very long time. Current cash flow from this property is $2,360 per month.
There is currently a lien on the property by TCT Financial. Therefore TCT will have first right of refusal on the deal and if they refuse, the buyer will need to pay off the lien balance of approximately $70,000 at closing. In our experience TCT Financial typically does not exercise their first right of refusal.
We have attached a county-wide sale from 2018, which only covers 25% of the ownership at that time.
All bids should be based upon cash flow value, no adjustments will be allowed unless the net decimal interest is lower than what the seller is in pay on. If less NDI is proven in title, only the NDI proven in title would convey. Any adjustment over 10% must be mutually agreeable.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Wednesday, March 6th
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 3/6/2024