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Client Reviews
La Salle, TX
They were so Great… always up front, they did all the work and we got a very fair price… Didn’t have to bother with all the calls of other brokers with bait and switch offers. TRB are the Only way to sell your royalties and get a fair price.
Reeves, TX
My experience with Texas Royalty Brokers was excellent. Communication at every step in the process was maintained. The price received for the royalties exceeded our expectations. The entire process was completed in six weeks. I’d recommend Texas Royalty Brokers to anyone that considers selling.
Harrison, TX
Texas Royalty Brokers was easy to work with and were able to answer all of our questions quickly. We had a pleasant experience working with them.
Howard, TX
Working with Eric Winegar was a wonderful experience. He was always available to answer questions and helped get us to our closing quickly. I would definitely work with him again.
Ector, TX
I have had several correspondences over the recent past with Eric. Five stars is simply not enough! Navigating and trying to understand the mineral interests I inherited has been daunting, and further crazy with offers of purchase. Not knowing what to do or what to expect, I reached out to Texas Royalty Brokers and fortunately Eric responded to my inquiries. Has has been informative, up front, he has researched and quite honestly, has gone way above and beyond any expectations I had. Thank you, Eric!
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Listing Notifications
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Listing Title
La Salle County Texas Mineral Rights for Sale
Listing ID
401151
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.
We are currently in the listing evaluation phase for these mineral rights. We will begin accepting offers on Thursday, April 20th.
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: $320,000
- State : Texas
- County : la-salle
- Legal Location : Various, please see the attached files.
- Net Acres : 42.77
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $4,826/Month
Comments:
Update: 8/19/2023
SOLD
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Update: 7/12/2023
Under Contract
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Update: 5/1/2023
New 20% price reduction from $400K to $320K. The seller is firm at $320K. If they don’t receive an offer of $320K or better, they will hold onto the mineral rights and continue collecting royalty income.
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This is an opportunity to purchase a nice diversified investment, with mineral rights found in multiple counties throughout Texas. The ownership includes production from the following counties:
La Salle
Karnes
Loving
Reeves
Howard
Glasscock
Please see the attached revenue summary. Over the last 5 months, these mineral rights have averaged $4,825/month.
We have attached an ownership estimate which shows the estimated number of acres owned. We did not include anything from Karnes (EOG checks) as there are many tracts with fractions of an acre and it appears fully PDP.
This ownership is currently held in an LLC. The seller is open to the idea of selling the LLC. This means the buyer could potentially purchase the LLC and avoid needing to handle transferring the ownership, notifying operators, recording deeds, etc.. The seller would need to discuss this option prior to a sale, but the only assets in this LLC are the mineral rights so they are open to the idea.
Note: The sellers completed some partial sales for varying %’s of their ownership in 4/2021. This is why their ownership may not match up correctly to the check stub detail. The check stubs determine the ownership, not the tax roll.
All bids should be based upon cash flow and the NDI’s represented on the check stubs. All ownership seen on the check stubs provided would convey. No adjustments would be allowed for any reason on this sale unless mutually agreeable. The attached ownership estimate is just an estimate and the number of acres may not be used to determine the price.
The seller would like to start the bidding at $400,000. If you are interested in submitting a bid at a lower price, please submit your bid for consideration.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Thursday, April 20th.
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 4/20/2023