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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
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