Lavaca County Texas Mineral Rights for Sale

Starting Bid: $160,000

• State : Texas
• County : lavaca
• Legal Location : A-89
• Net Acres : 33.63
• Active Lease : Yes
• Royalty Rate : 22%
• Producing : no
• Average Income : N/A

Comments:

Update 10/24/2024:

This listing is now sold

______________________

Update 10/15/2024:

This listing is now sale pending

______________________

Here is an excellent property in Lavaca County, Texas.

We believe our client owns 19.11 NMA or 33.63 NRA in abstract 89.  The lease showing the 22% lease royalty rate is included in the documents in this listing. This lease was just signed in April 2024 with EOG being the operator that took the lease.

This acreage is in a very active area, right on the border of DeWitt County, where there are multiple permits and DUCs.

This sizable acreage presents fantastic future upside for a buyer.

Important Note: Our client wishes to withhold any future inheritance that may or may not occur in the future and not convey that in this sale.  This language will be added into the deed at the time of closing.

For this listing, we are requiring the following:

1. 1. Special Warranty Deed
   2. Deed must be specific to the acreage in this listing and must not convey any future inheritance and be specific to what she owns today.
   3. 30 Day Close
   4. Based on the lease bonus being paid on 33.63 NRA, no adjustments will be allowed to the purchase price unless mutually agreed.  If less acres are proven in title, an NMA/NRA deed must be provided that conveys the number of acres proven in title.
   5. Our closing process included in the PSA, which is:   At closing, buyer will provide the mineral deed.  The seller will execute the mineral deed and return it to Texas Royalty Brokers.  Texas Royalty Brokers will provide buyer with a scanned copy of the deed, and buyer will then wire funds to seller and Texas Royalty Brokers respectively.  Once funds are confirmed, Texas Royalty Brokers will overnight the deed to the Buyer.   
   6. Buyer must close within 14 days or sign our qualified buyer agreement.

To view/download the listing files, please visit the link below:

Download Files

We will begin accepting offers on Thursday, October 10th.

All buyers are required to either do a 14 day close or sign our qualified buyer agreement once a deal has been verbally agreed upon.  In certain situations, we may require a $5,000 to $10,000 earnest deposit at the sole discretion of Texas Royalty Brokers.

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.