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Client Reviews

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.

Leon, TX

April 12, 2024

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!

Dan T.

Andrews, TX

March 27, 2024

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!!!

Rob O.

Mitchell, TX

March 25, 2024

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!

Tuey R.

Karnes, TX

March 18, 2024

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.

Mark P.

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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

Accepting Offers on 4/20/2023
  • 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.

________________________

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:

Download Files

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.

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