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Reeves, TX
Texas Royalty Brokers did a fantastic job helping us sell our mineral interests. They were extremely knowledgeable, responsive, and transparent throughout the entire process. They explained everything clearly, kept us updated every step of the way, and helped us secure a very fair deal. We felt confident and well represented from start to finish. I highly recommend them.
Shelby, TX
Emily and Eric were extremely helpful throughout the entire process from start to finish. Very good at explaining the process and keeping me updated on where things were. Appreciate their help in making this a smooth and productive transaction!
Leon, TX
Texas Royalty Brokers were very professional and got the job done!
Hats off to Texas Royalty Brokers!!
Lea, NM
Emily and Eric really did a good job guiding us through the process to sell our mineral rights.
They found a buyer quickly, and even though our records were old and scattered, taking longer than usual to document things, they patiently worked with us to complete the sale. They are the best. Ken Flake.
Robertson, TX
Texas Royalty Brokers helped me and my family navigate some tricky inherited minerals. I had great peace of mind using them versus dealing directly with a buyer. Very satisfied experience.
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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