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Client Reviews
Martin, TX
Working with Eric to help our family sell our oil rights was such a great experience and definitely the right decision for our family. From our first consultation over the phone, Eric laid out a road map of the process that was accurate, but also gave us the ability to make our own decisions along the way.
After negotiating with many potential buyers on our own, we were not able to get the price we were looking for to sell. However, once we hired Eric and his team to market our rights to all potential buyers in the market, we were able to sell at a much higher price and increase our take home net by over $100,000. I would definitely recommend Eric and Texas Royalty Brokers if you are concerned about under selling the value of your oil rights. His processes were clear, his service was outstanding, and his value to the transaction was worth his commissions!
Thank you for guiding us through the process Eric. We greatly appreciate you and your hard work!
Webb, TX
Amazing experience! Eric is a pro! We got a full price offer and closed within 2 weeks of listing. I will only work with Eric Winegar and Texas Royalty Brokers in the future.
Howard, TX
The team at Texas Royalty Brokers were so easy to work with. They made what sounds like a very confusing process, clear and straightforward. They were incredibly responsive and kind people to work with. I definitely recommend their services!
Tarrant, TX
A great and straightforward experience. They answered all questions and made the process quick and easy. I highly recommend their services.
Howard, TX
I engaged Texas Royalty Brokers to market my mineral interest after I received an unsolicited offer. They got me almost 2x the original offer, and they were professional and transparent through the entire process. Definitely plan to use them again.
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Listing Notifications
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Listing Title
Buy Mineral Rights in Martin County Texas
Listing ID
401144
Listing Status
not available
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - tbd
- Best and Final - tbd
- Under Contract - tbd
Please take a moment to learn more about each listing phase.
We are currently in the listing evaluation phase for these mineral rights. We will begin accepting offers on Monday, February 6th.
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: $1,275,000
- State : Texas
- County : martin
- Legal Location : Block 35 T2N, Section 32 and 33
- Net Acres : 32
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $25,800/Month
Comments:
Update: 2/10/2023
After having a discussion with their landman, the seller now feels the interest is worth greater than $2.4MM and is no longer interested in selling at this time. They have decided to pull the listing and see what happens on this acreage in the future.
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This is an opportunity to buy excellent cash flow in the absolute heart of Martin County Texas.
There are over 30 wells currently producing with royalty income being generated from both XTO and Scout. The acreage from XTO and Scout is in the same location. We have attached an ownership estimate that shows 32 net royalty acres. We did not include the Scout acreage in the calculation because this acreage is in the same place as XTO so we believe this is 32 NRA total.
If you look at the most recent check stub from XTO, you will note that some of the Mims wells had a very large month over month decline. It appears these wells well choked back or shut in temporarily. If you look at the past production, this has happened a few times for just a month or two and then production ramps back up. We believe the lower January check is temporary and it will likely go back up again as those wells go back to full production as they have in the past.
The starting bid price for both XTO and Scout combined as a package is $1,275,000. We are aware that the Norris wells are still relatively flush production right now. If you are not able to meet the starting bid price, please feel free to submit your best offer and the seller will take it into consideration.
While we estimate 32 NRA, we are not making any representations as to the number of NRA owned. We believe this acreage is effectively a cash flow deal, and as such, all bids should be made on a cash flow basis. Any adjustments at closing would have to be mutually agreeable and no adjustments will be allowed based on how many acres are owned.
Note: The seller may also be the surface owner as well. This sale is for oil and gas mineral rights only.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Monday, February 6th.
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 2/6/2023