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Leon, TX
I had no idea how straightforward and very simple it would be to sell mineral rights in Texas. Texas Royalty Brokers, represented by Eric Winegar provided guidance on the complete process. Confirming exactly how the TRB website described each step of the sales process. Eric and his staff followed up immediately on every question I presented. I had limited information about the value of the mineral rights prior to the final offer presented which exceeded my expectations. Working with TRB, I became educated about the process of selling mineral rights and convinced me I would never try to sell without having the representation offered by Texas Royalty Brokers.
Midland, TX
I had an excellent experience working with Eric Winegar at Texas Royalty Brokers. Eric was professional, knowledgeable, and responsive. He clearly explained every step and made the process easy and stress-free. His attention to detail and commitment to getting the best outcome for me exceeded my expectations. I highly recommend Eric and Texas Royalty Brokers to anyone needing trustworthy royalty services.
Leon, TX
Texas Royalty Brokers did Everything they said they would do. They communicated often, they always answered my questions quickly and I had a lot of questions.
Very professional company. They negotiated a very good price for my mineral rights.
I would recommend them highly.
Winkler, TX
I had an excellent experience with Eric Winegar and Texas Royalty. I found him to be very knowledgeable about big and small aspects of the industry and of my particular situation. He also was very timely in communications. I highly recommend them based on my experience.
Pecos, TX
I had a very good experience working with Eric and his team. Eric was very professional and due to his knowledge added a lot of insight into helping me sell my mineral interests. I was kept well informed on a weekly basis and once there was a buyer, Eric continued to help me understand the process. From the start to the finish, during the entire process I wasn’t ever disappointed. Eric has a great deal of experience and knowledge of mineral values and he also has many connections in the industry. If you are interested in selling minerals you own, I highly recommend you contact Eric and the good folks at Texas Royalty Brokers.
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Listing Title
Leon County Texas Mineral Rights for Sale
Listing ID
401163
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: $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:
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.
Accepting Offers on 8/10/2023