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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
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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
Buy Mineral Rights in Leon County Texas
Listing ID
401170
Listing Status
not available
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - in progress
- Client Review - tbd
- Best and Final - tbd
- Under Contract - tbd
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: $490,000
- State : Texas
- County : leon
- Legal Location : A-1140 A-867 A-221 Additional legal locations which are non-leased / non-producing.
- Net Acres : 73.5
- Active Lease : Yes
- Royalty Rate : 20%
- Producing : no
- Average Income : N/A
Comments:
Update: 2/22/2024
The seller is moving forward with an offer in hand.
_________________
The owner of these mineral rights leased them in 2022 with a 5 year term. We do not see any option to extend within this lease agreement. The mineral rights were leased at a 20% royalty rate, giving them a total of 117.6 net royalty acres.
We believe the ownership breaks down as follows:
A-1140 – 40 net mineral acres
A-867 – 32.4999 net mineral acres
A-221 – 1 net mineral acre
All bids should be based on a total ownership of 73.5 NMA in the abstracts described above. The purchase price may be adjusted by up to 20% based on what title shows.
In addition to this ownership, the deed into the seller appears to show any ownership from Eva Mae Moore in the state of Texas goes to our seller. Upon researching the abstracts, we noticed multiple leases that Eva had signed in other abstracts. In the maps attached, we show the core property being sold in the blue circle. There is other ownership, which we assume is non-leased / non-producing, in some areas surrounding what is being sold. Once title is completed, you may make an offer on what is proven in title and additional acreage may be available for a mutually agreeable price.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Wednesday, January 24th.
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 1/24/2024