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Client Reviews

Gonzales, TX

June 7, 2024

Working with Texas Royalty Brokers was seamless. They are helpful, communicative, transparent, and efficient. I did a sale on my own and one with Texas Royalty Brokers and would recommend doing the process with them!

Crystal C.

McMullen, TX

June 3, 2024

Texas Royalty Brokers is an outstanding firm that went above and beyond my expectations.

Eric and Emily were able to negotiate the value of my minerals more than I expected to receive, as well as, expedite the process with ease.

I am thankful for all their hard work.

If you’re considering selling minerals in Texas, do yourself a favor and contact them.

Matthew P.

San Augustine, TX

May 31, 2024

I cannot say enough positive things about my experience with Texas Royalty Brokers! Eric was always responsive to my many questions and guided me expertly through what was a foreign process to me. I highly recommend Texas Royalty Brokers to anyone who is interested in selling mineral/royalty rights.

Jan P.

Hemphill, TX

May 29, 2024

Eric and Emily were awesome! Very professional, informative and kept me informed and up to date on proceedings. Had a great experience!

Diane M.

Reeves, TX

May 1, 2024

Texas royalty brokers did a fabulous job getting my property sold efficiently professionally and quickly. Eric and Emily were prompt with returning calls and emails and made the entire transaction seamless! I would certainly use them again.

Lindsay F.

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Listing Title

Martin County Texas Mineral Rights for Sale

Listing ID


Listing Status


Accepting Offers on 7/25/2023
  • 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: $5,500,000

  • State : Texas
  • County : martin
  • Legal Location : Block 36, T1S, Section 8, A-664
  • Net Acres : 144.00
  • Active Lease : Yes
  • Royalty Rate : 12.5%
  • Producing : yes
  • Average Income : $5,120/Month

Update:  9/6/2023



Update:  7/29/2023

Sale Pending


Update:  7/27/2023

The sellers are moving forward with a sale.   Best and Final offers are due by end of day, Friday, July 28th.


Update: 7/24/2023

We start accepting offers on this listing tomorrow, Tuesday July 25th.   We will be accepting offers through end of day Wednesday, July 26th.   Once all offers have been received over the next couple days, we will be discussing those offers with our clients and then providing feedback to buyers.  Any buyer who has submitted a reasonably competitive bid by end of day Wednesday, July 26th will get a best and final opportunity.


Update: 7/20/2023

Please note that all buyers are required to either do a 14 day close, make a $25,000 deposit, or sign our qualified buyer agreement once a deal has been verbally agreed upon.  We will not go under contract with any buyer who does not meet 1 of these 3 requirements.


This is an exceptionally rare opportunity to buy a large acreage position in the heart of the Permian.

Two brother’s own a combined 144 net royalty acres in the core of Martin County.  This acreage has older vertical wells on it, with no horizontal production at all in the past.   Pioneer is the operator and currently has 2 rigs running.   There will be a total of 9 new horizontal wells drilled on this acreage.  As of this writing, the wells are in the following status:

2 Wells – Drilling
4 Wells – DUC status
3 Wells – Permitted

The mineral buyer will get immediate ROI when these wells come online.   This is a very rare opportunity to buy a nice size acreage position in a single transaction with drilling actively occurring.

There are two brother’s.  Each brother inherited mineral rights in the early 2000’s, and those mineral rights are currently in their name on the tax roll.  In addition to this, their father (Floyd Coody) has an interest still in his name that will effectively double the acreage each brother has.   Floyd Coody is deceased.  Upon his death, the brother’s left the mineral rights in their father’s name so the surviving spouse (their step-mother) could continue to receive the royalty income to pay for health related expenses.  The step-mother also passed many years ago, but the ownership was never updated at the operator level to distribute Floyd’s ownership to each brother respectively.    The brother’s have been talking to Pioneer, and Pioneer has advised them to do an affidavit of heirship, and then they can move the father’s mineral right’s into each of the brother’s names respectively.  Currently, the royalty income is still going to the deceased father’s name, presumably to the heirs of the step-mother.

Floyd Coody owned these mineral rights prior to his marriage to the brother’s step-mother, making this sole and separate property.  Floyd passed intestate.  It is our understanding that the step-mother may have inherited 1/3 of the mineral rights as a life estate, but upon her passing, these mineral rights should have passed down to the brother’s.

The buyer should be willing to assist the brother’s in getting this ownership transferred into their names if anything beyond the affidavit of heirship is required after running title.  However, we believe an affidavit of heirship may be all that is required here to get everything updated according to their conversations with Pioneer.

In our ownership estimate, we are calculating that each brother has 71.11 net royalty acres.   The NDI we are using is taking their current NDI on the check stub, then adding 50% of their father’s NDI, to get a total NDI of .055556 per brother.   The attached 71.11 NRA is for a single brother, so we would show a total of 142.22 NRA owned.  However, the seller have an offer in hand indicating 72 NRA each.  We are representing 72 NRA each, or 144 NRA combined so offers can be compared apples to apples.   We are showing a 12.5% royalty rate, but we are unsure what the royalty rate is.  We are showing 12.5% so we can represent how many NRA are owned.

We have attached the royalty statements from a single brother.  The current average income for one brother is $1,280.  However, that should be doubled to $2,560 per brother once the father’s interest is in their name.  We then multiply $2,560 X 2 brothers to get the current average royalty income of $5,120/month.

The sellers want to sell 100% of their mineral rights.   The buyer will receive all income from the new wells, and the deed can be structured with an effective date that ensures all royalty income from the 9 new wells will be paid to the buyer.  Their goal is to sell this before production hits so that they can avoid the tax consequences of the royalty income.

Adjustments will be allowed on a per net royalty acre basis based upon what title shows.   If title shows less than 142.22 NRA, a title report must be provided and an NRA/NMA specific deed may be required to ensure they don’t convey more than what they are currently in pay on.

The owners would like to start the bidding at $5,500,000 for the total ownership of each brother including the father’s ownership.

Note:  We attached an image showing that the father may have a very nominal amount of past due property tax.   This is not material, but we are disclosing it.

To view/download the listing files, please visit the link below:

Download Files

We will begin accepting offers on Tuesday, July 25th.

All buyers are required to either do a 14 day close, make a $25,000 deposit ($25,000 due to the size of this deal), 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.

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