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Client Reviews

Borden & Dawson, TX

Rated 5.0 out of 5
December 2, 2023

I am convinced working with Texas Royalty Brokers resulted in maximizing the amount I sold my mineral interests for. They were engaged and responsive throughout the sale process, willing to discuss any concerns or requests, and also provided sound advice based on their past experience. If I ever consider selling additional minerals in the future, Texas Royalty Brokers will be my first choice to market them.

Bill L.

Martin, TX

Rated 5.0 out of 5
October 26, 2023

Eric W. was extremely helpful and patient with all the questions we had. Once we decided to sell, he guided us through the process, which was quick and seamless. We’re very satisfied with our outcome. Highly recommend this group if you are looking to sell your mineral rights.

Annalisa C.

Howard, TX

Rated 5.0 out of 5
August 15, 2023

Recently, I inherited some mineral rights and soon began receiving offers in the mail. Being new to the whole process, I was quite unsure about the best steps forward. After conducting some research, I decided to list the rights with Texas Royalty Brokers, and it was the best decision I made! The team provided me with comprehensive knowledge about the market, ensuring I had all the data in front of me to make an informed decision. Not only were they professional and thorough, but also transparent in all our dealings. The result? The offers I got through Texas Royalty Brokers were substantially higher than any of those I received in the mail. For anyone navigating the complex world of mineral rights, I can’t recommend Texas Royalty Brokers enough. Their expertise and commitment to clients are unmatched. The outcome speaks for itself. Thank you, Texas Royalty Brokers, for making this experience smooth and profitable!

Alexis H.

Reeves, TX

Rated 5.0 out of 5
July 17, 2023

Texas Royalty Brokers truly understood the value of my minerals and worked tirelessly to secure a deal that left me pleasantly surprised. They kept me informed throughout the process, with no confusing jargon or hidden agendas. Just honest and straightforward communication.

Albert K.

Reagan, TX

Rated 5.0 out of 5
May 11, 2023

Eric and his company did a fantastic job throughout my entire selling process. They are very knowledgeable, gracious, and efficient. Eric personally went above and beyond in communication to me and my family and I would recommend him and his company to anyone. I’m incredibly satisfied.

Sean G.

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Listing Notifications

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Listing Title

Leon County Texas Mineral Rights for Sale

Listing ID

401163

Listing Status

sold

Accepting Offers on 8/10/2023
  • 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.

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: $525,000

  • State : Texas
  • County : leon
  • Legal Location : A-17, P Grande Survey
  • Net Acres : 474.45
  • Active Lease : Yes
  • Royalty Rate : 22.5%
  • Producing : yes
  • Average Income : N/A
Comments:

10/2/2023

Sold

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8/26/2023

Under Contract

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8/24/2023

Best and Finals due end of day, Friday, August 25th.

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Update: 8/11/2023

This listing will stay open for offers until at least end of day on Wednesday, August 16th.

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Update:  8/10/2023

Now accepting offers.

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This listing is for 474.45 net royalty acres in Leon County Texas.  All of these mineral rights are located in A-17.  Some of the acreage is currently producing, and some is currently open for lease.

We do not have check stubs to provide for this listing.  The owner has a lot of different interests and these royalties do not pay monthly as the income is so low.  We are pulling the tax records here to represent this ownership.   Since the income is nominal, we have marked it as N/A since that will not be relevant to the deals.

The owner is currently in pay on 3 wells, the Chaney J Unit, Chaney 1, and Fossil Chaney.

Looking at the attached ownership estimate, we show the seller with 55.76 NRA in the Fossil Chaney.  The Cheney 1 (Diversified) and Chaney J (Comstock) appear to both be in the same unit.  On the DI map, they show the Comstock well North of the Cheney unit.  However, we think this acreage is overlapping as the permits for each show the exact same unit.  We think the DI map is wrong in this case.  Due to the fact the owner is currently in pay from two operators with different NDI’s in the same unit, we feel these should be added together giving the seller 418.69 NRA in the Cheney unit.  This would give the seller a combined total of 474.45 NRA combined when you include the Fossil Cheney Unit.

In addition to this ownership, in 2015/2016, the seller signed 4 different leases in A-17.  Since these wells were already productive prior to the leases, we believe these leases represent additional ownership in A-17 that is not included in our calculation and not part of the ownership estimate.  What we don’t know is how many acres are owned that are currently unleased.

The seller is selling everything they own in A-17 as a package.

We do not have a confirmed lease royalty rate.  However, we found a lease signed back in March 2006 at a 22.5% rate, which timing wise would make sense for the wells they are in pay on.  If they are leased at 22.5%, we would show their total net mineral acres at 263.58.

On this listing, we would request offers in the following format:

For the acreage in production, a per net royalty acre offer assuming 474.45 net royalty acres owned.
For the acreage that is non-producing, an offer on a per net mineral acre basis.

The starting bid price is for 474.45 net royalty acres.  At $525,000, this would put the starting bid price at $1,106.54 / net royalty acre.   All offers should be for the 474.45 NRA, and then the price per NMA for unleased would be paid in addition based on what title shows.

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

Download Files

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

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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