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Reeves, TX
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.
Leon, TX
Texas Royalty Brokers did a fantastic job marketing and selling my mineral rights. Eric and Emily were extremely helpful and patient in answering all my questions and guiding me through the process. They basically did all the paperwork. I would definitely use them again!
Andrews, TX
Eric and his staff at Texas Royalty Brokers were amazingly helpful! Between finding the value of my minerals, finding buyers, and handling the contracts. I couldn’t imagine dealing with the processes without them.
Thank you so much Eric!!!
Mitchell, TX
Texas Royalty Brokers was great to work with! The offer exceeded my expectations! Eric and Emily were very clear and organized with the process and made it easy. I would definitely use them again!
Karnes, TX
My experience with Tx Royalty Brokers was excellent. They basically did all the work as promoting and marketing my asset. I ended up getting what I wanted – my net payout was a multiple of over 66 months of my present monthly royalty payments.
I would highly recommended Eric and Emily to anyone who is interesting in marketing their mineral or royalty interests.
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Listing Title
McMullen County Texas - Mineral Rights For Sale
Listing ID
401186
Listing Status
active
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - in progress
- Client Review - tbd
- Best and Final - tbd
- Under Contract - tbd
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: $3,500,000
- State : Texas
- County : mcMullen
- Legal Location : A-1213, Section 6 - 192 Acres A-248, Section 7 - 181 Acres A-101, Section 11 - 186.1 A-1058, Section 24 - 747.8
- Net Acres : 659.0
- Active Lease : Yes
- Royalty Rate : N/A
- Producing : no
- Average Income : N/A
Comments:
This is a very rare opportunity to buy a large amount of acreage in McMullen County. There are four family members that have a combined 659 net mineral acres. These mineral rights were last leased in 2009/2010. While the acreage has not been leased recently, they have declined leases in the past and this acreage is surrounded by activity. There is active production in every single direction surrounding this acreage.
In 2023, two wells were drilled effectively next door to this acreage. These wells were the Otto-Whipple 3H and 4H wells. We have attached the well card details for the ownership and production on these wells. There is also another new well drilled just to the North, called the “DW SP3 AW”. All of these new wells were drilled by Kimmeridge Texas Gas, making them a likely candidate to lease up this acreage.
The starting bid price for this acreage is right around $5,300/net mineral acre. The buyer could see an immediate ROI on this ownership by leasing the mineral rights. In addition, if you were to lease these mineral rights at a 25% royalty rate, this would provide 1,318 net royalty acres. This makes the purchase price around $2,650/net royalty acre for acreage that is surrounded by activity with all the future potential revenue from production still available.
All bids should be based upon 659 net mineral acres of total ownership split between 4 family members. Adjustments will be allowed up to 20% of the agreed upon price. Any adjustments greater than 20% would need to be mutually agreeable.
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Additional ownership information:
This ownership originated from Neva Martin Booth. We have attached the deed referenced in the leases that were signed in 2009/2010. There are four total owners here, which are:
- Kathleen Rehkemper
- Linda K. Parker
- Ashley Mackey (inherited from her late father – Brian Mackey)
- Matthew J Rehkemper (this is Kathleen’s son, however, his ownership came from Allyson D. Torres)
To view/download the listing files, please visit the link below:
We will begin accepting offers on Tuesday, April 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 4/9/2024