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Lea, NM
Wonderful experience! Highly recommend the Texas Royalty Brokers
Hemphill, TX
Emily and Eric are fantastic and very helpful. I know nothing about royalties, etc. They made it so easy, quick and painless. 5 out of 5 stars for sure!!!!
Lavaca, TX
Texas Royalty Brokers assisted me in a sale; they were straightforward and clear on the process; answered every question I had along the way….I would recommend them…
Shelby, TX
I found the team at Texas Royalty Brokers to be honest, competent, and focused on my needs. I plan on using them again and would not hesitate to recommend them.
Atascosa, TX
Around a year ago I received a brochure from Texas Royalty Brokers. I held on to it till this year. In speaking with the team at Texas Royalty Brokers it was clear to me to use their expertise. They were extremely knowledgeable and helpful in guiding me through this extensive process. I could completely recommend them to anyone interested in selling their minerals.
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Listing Title
La Salle County Texas - Mineral Rights For Sale
Listing ID
401189
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.
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: $150,000
- State : Texas
- County : la-salle
- Legal Location : Sec 764, Abstract 832 and 1520
- Net Acres : 42.58
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $338/Month
Comments:
Update 6/12/2024:
Sold
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Update 5/16/2024:
This listing is pending under contract.
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Update 5/6/24:
We have reduced the price on this listing to $150,000 down from $210,000.
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This is an exceptional opportunity to purchase in La Salle County with immediate upside.
We believe this owner has 42.58 NRA in La Salle County with 5 active horizontal wells and 2 DUCs. We have included the permit and plat maps for these 2 DUCs in the files below.
We believe there is some overlapping acreage within the units, so are only representing the acreage in the Broken Arrow LAS acreage, which we believe to be 42.58 NRA.
The owner receives an average of $338/Month in royalty income which will increase quickly as the DUC wells come online, creating excellent upside for a buyer.
All bids should be based upon the attached estimated NRA. If less NRA is proven in title, only the NRA proven in title would convey. Any adjustment over 10%, on a tract by tract basis, must be mutually agreeable.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Tuesday, April 23rd.
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 4/23/2024