Leon County Texas mineral rights for sale

Starting Bid: $500,000

• State : Texas
• County : leon
• Legal Location : A-921 and A-767
• Net Acres : 78.55
• Active Lease : Yes
• Royalty Rate : 22.5%
• Producing : no
• Average Income : N/A

Comments:

Leon County, Texas – 78.55 Net Royalty Acres

This offering includes 78.55 net royalty acres in Leon County, Texas, located in an active development corridor.

This acreage sits right next door to 3 recent DUC wells near the Leon / Freestone County line, creating clear near-term upside potential as operators move toward completion and production.  All 3 of these DUC wells were drilled by Mitsui.

The minerals were first leased in 2023 by Vanna Production at a lease of 22.5%. This lease was taken over by Mitsui, who is the operator drilling wells in this area.   They just recently renewed the lease in 2026 providing a positive sign they intend to move forward drilling on this acreage.

The lease contains several buyer-favorable protections that preserve long-term value and optionality.

1. A depth release clause returns all formations below 1,000 feet beneath the deepest producing interval after the primary term, protecting stacked pay potential and future leasing leverage.
2. A delayed horizontal Pugh provision ensures acreage not included in producing units is released over time, preventing a single well from holding the entire tract indefinitely and encouraging continued development.

The lease structure is aligned with modern horizontal operations, allowing efficient pooling and future drilling flexibility while avoiding legacy lease restrictions that can hinder development. The 2023 lease vintage reflects current market standards and provides clean, contemporary language that buyers prefer for underwriting and resale.

Offered at under $6,400 per net royalty acre, this package combines premium royalty economics, modern lease protections, and proximity to imminent production, an attractive opportunity for investors seeking both near-term cash flow potential and long-term optionality in one of Leon County’s most active areas.

For this listing, we are requiring the following:

1. 1. Special Warranty Deed
   2. 30 Day Close
   3. Any adjustment to the purchase price greater than 10% must be mutually agreeable. 
   4. 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.   
   5. 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 Tuesday, February 17th.

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 $25,000 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.