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Client Reviews
San Augustine, TX
I am so grateful for the guidance during the process of selling my mineral rights. This was a huge decision! Eric and his team are top notch professionals, answering any and all concerns/questions along the way. I would definitely recommend Texas Royalty Brokers!
Anderson, TX
I went into the listing and sale of mineral rights knowing nothing! TRB made the process easy. They explained every step of the process with frequent updates and were patient and prompt in answering any questions. I could not have navigated this process without them. I am truly grateful for their help and highly recommend TRB for anyone looking to sell their mineral rights.
Harrison, TX
I dealt with Emily and she did a wonderful job. She did research for me into the value of mineral rights and gave me the option to sell through them or to wait. I choose to hold on to my mineral rights for the time being but had a great experience working with her. I would definitely recommend to anyone needing help with their oil and gas mineral rights to give her a call.
Anderson, TX
They have great communication throughout the whole process. They are thorough in answering questions and are quick to respond. I am very satisfied with the service I received and will use them again.
Loving, TX
My sister and I had inherited some mineral rights from our mother’s estate, and we didn’t know where to begin. Emily and Eric both answered every question, gave us all the guidance we needed and we walked away with an offer/sale that was well above any that had been offered before. I would highly recommend Texas Royalty Brokers!
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Listing Title
Minerals for Sale in Martin County Texas
Listing ID
401146
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.
We are currently in the listing evaluation phase for these mineral rights. We will begin accepting offers on Thursday, February 9th.
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: $700,000
- State : Texas
- County : martin
- Legal Location : SE/4 of Section 7, Block 36, T3N, T&P Ry Co. Survey
- Net Acres : 42.7
- Active Lease : Yes
- Royalty Rate : 20%
- Producing : yes
- Average Income : $652
Comments:
Update: 3/3/2023
SOLD
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Update: 2/13/2023
The seller has accepted an offer and this listing is now sale pending. No further bids will be accepted on this property.
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This is an opportunity to buy a nice acreage position in Martin County Texas.
The owner of these mineral rights has 42.7 net royalty acres held by 3 old vertical wells on a 160 acre unit. This acreage is absolutely surrounded by rig and permit activity. There are a large number of rigs in very close proximity to this acreage. With no horizontal wells drilled across this acreage, this is an excellent upside opportunity in Martin County Texas. The royalty income is averaging around $650/month on the current vertical production.
We located the lease agreement which would indicate a 20% royalty rate. This would indicate 26.67 net mineral acres Please carefully read the addendum on page 3 of this lease agreement. It would appear that the existing lease covers depths down to the current wells, but terminates “as to all depths 100 feet below, but not above, the stratigraphic equivalent of the deepest formation capable of producing in each well tract.” We would interpret this to mean that the buyer of these mineral rights rights would be able to lease the deep rights at a higher royalty rate than 20% meaning it’s possible to get 53.34 net royalty acres on the deep rights. It is the responsibility of each buyer to determine how the addendum applies. We are only representing 42.7 NRA. The buyer may also be able to get a near term ROI by leasing the deep rights.
The owner inherited the mineral rights in two separate transactions.
The owner would like to start the bidding at $700,000 for 42.7 net royalty acres. Buyers are responsible for running title and confirming the total number of net royalty acres owned. Any adjustments to the purchase price would require a title report to be provided to prove the discrepancy.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Thursday, February 9th.
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 2/9/2023