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Stephens, TX
I had the pleasure of working with Texas Royalty Brokers LLC this past month. From the beginning to the very end and everything in between, they were very communicative, responsive and helpful. They explained every part of the process and helped when I needed something. They made the whole process simple and easy. By using Texas Royalty Brokers LLC, I was able to get 2 times the amount I was offered by others or on my own.
Harrison, TX
Eric and Emily are very good at taking care of clients. I found them after researching companies to help me with selling. The reviews I found convinced me to give them an opportunity and I am thankful.
Emily was true to her word from the beginning to the completion. I am so pleased with her that if I choose to sell other property, I will definitely contact her and trust her judgement in my accounts.
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.
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Listing Title
Leon County Texas mineral rights for sale
Listing ID
401266
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: $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:
Update: 3/27/26
Sold
_____________________________________
Update: 2/24/2026
Sale Pending
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Update 2/20/2026
Best and Final Offers due 2/24 by 5:00 PM
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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.
- 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.
- 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:
-
- Special Warranty Deed
- 30 Day Close
- Any adjustment to the purchase price greater than 10% must be mutually agreeable.
- 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.
- Buyer must close within 14 days or sign our qualified buyer agreement.
To view/download the listing files, please visit the link below:
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.
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 2/17/2026