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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
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.
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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