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Client Reviews

Gonzales, TX

June 7, 2024

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!

Crystal C.

McMullen, TX

June 3, 2024

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.

Matthew P.

San Augustine, TX

May 31, 2024

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.

Jan P.

Hemphill, TX

May 29, 2024

Eric and Emily were awesome! Very professional, informative and kept me informed and up to date on proceedings. Had a great experience!

Diane M.

Reeves, TX

May 1, 2024

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.

Lindsay F.

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Listing Notifications

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Listing Title

Buy Mineral Rights - Irion County Texas

Listing ID

401179

Listing Status

not available

Accepting Offers on 3/6/2024
  • 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:

Download Files

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.

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