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Client Reviews

Karnes, TX

Rated 5 out of 5
November 1, 2022

After several months of researching the process of selling mineral rights, as well as researching several land/mineral brokers, I filled out the contact form for Texas Royalty Brokers. I received a reply from Eric Winegar almost immediately. From the start, Eric was easy to work with and I always felt that he was truly working with my best in mind. Throughout our numerous emails and phone calls, he was always courteous and professional and answered every question I asked. Some more than once! I was provided with all the drilling maps and financial information he used to determine the listing price and future drilling potential.

Once I accepted an offer, he handled all of the paperwork and walked me through every part of the process. And, when we ran into a snag (which he had prepared me to expect) and I started to question my decision to sell, he was so respectful of my indecision and provided me with all the information I needed to reassure myself that I was making the right decision. I can’t thank him enough. I wouldn’t hesitate to recommend Texas Royalty Brokers to anyone interested in selling their mineral interests.

Jann R.

Howard, TX

Rated 5 out of 5
September 19, 2022

16 years after inheriting Howard County mineral rights, and recently receiving increasing unsolicited purchase offers, we made the decision to sell. After thoroughly researching brokerage firms we decided to contact Texas Royalty Brokers which was a highly beneficial move. Eric could not have been easier to work with and we felt a strong fiduciary relationship throughout the entire process. Numerous phone calls and discussions were handled in a prompt, professional manner with precise explanations and valuable information offered, all delivered in a stress free environment. We feel that Eric went above and beyond our expectations and was a significant factor in our successful sell. We highly recommend Texas Royalty Brokers and Eric Winegar and would not hesitate to work with them in any future endeavors.

Traci D.

Shelby, TX

Rated 5 out of 5
August 1, 2022

By listing our mineral interests with Texas Royalty Brokers, my husband and I received an offer more than 50% higher than the best offer we received in the mail. And, the expert guidance we received from Eric Winegar through the entire process was just as important.

Eric established value, listed the property, discussed options, vetted and coordinated paperwork, always provided thoughtful and knowledgeable guidance, clearly answered our many questions, and looked after our interests, keeping us informed every step along the way. We are so glad that we listed our property with Texas Royalty Brokers.

Linda, N.

La Salle, TX

Rated 5 out of 5
June 24, 2022

Our family was on the fence about selling mineral rights until we got a really high offer in the mail. We reached out to see if the offer was a fair one. Within just minutes the company responded and walked us through the value of the mineral rights. We decided to list the mineral rights to see if there was a better offer. Sure enough, we got a bid that was even higher. I can’t thank Eric and the team at Texas Royalty enough for helping our family with the sale of these mineral rights. We are truly thankful.

Amy R.

Harrison, TX

Rated 5 out of 5
June 18, 2022

We got an offer from [redacted] in the mail. I knew this offer was a low ball offer, but we hadn’t really thought about selling until the offer came in. My wife and I didn’t want to be greedy, but we also wanted to sell for the best price we could find. I reached out to a few other buyers and then decided to list this at Texas Royalty Brokers. It was the best decision we could have made. We ended up walking away with substantially more money.

Arnold P.W.

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Listing Notifications

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Listing Title

Buy Mineral Rights in Midland Texas

Listing ID

401126

Listing Status

not available

  • 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

To view the available files for this listing, please download the zip file using the button below.

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Listing Details

Starting Bid: $1,575,000

  • State : Texas
  • County : midland
  • Legal Location : Block 38, Abstract 119, Township 4S, Section 43
  • Net Acres : N/A
  • Active Lease : Yes
  • Royalty Rate : 18.75%
  • Producing : yes
  • Average Income : $25,575/month
Comments:

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Update: 6/15/2022

The seller has decided to hold onto the mineral rights as his minimum price was too far away from what the market was willing to pay.

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Update: 5/23/2022

The seller has notified us they are going to be unavailable to review offers until June 13th.  As a result, we have updated the listing to accepting offers starting on June 13th.  Out to respect to all buyers, we request that you not submit any bids until then.  Once we gather the bids, we’ll speak with the seller and provide feedback at that time.

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Update:  5/21/2022

The owner has provided a snippet of the lease his mother signed. This shows a 3/16th’s royalty rate and we have updated the listing to reflect this.   We have requested a fully copy of the lease and we will attach it when available.

The May 2022 check stub is available and has been attached to the listing.  There was a strong increase in royalty income.  The new average royalty income has increased to $25,575/month.

The updated lease agreement snippet and new check stub have been added to the zip file.  Please download the zip file again to get the updated files using the link above.

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The owner of these mineral rights has some exceptional cash flow being produced from approximately 19 wells.  These wells are partially past flush production with very strong production.   The most recent check stub from 4/2022 is being paid with oil in the low $90’s and gas around $4/MCF.   As of today, oil prices are approximately 15% higher and gas prices have nearly doubled.   These wells will continue to be strong producers that will benefit from high oil and gas prices.

We have attached the check stub detail from 1/2022 to 4/2022.  The average royalty income being produced is $23,840/month over this time frame.

We believe the taxes are current and nothing is past due:

Property Taxes

The lease rate is currently unconfirmed.  If we get confirmation of the lease rate we will update the listing.

Note:  We have outlined the part of the section where this owner has mineral rights in the SE/4.  In the NE/4, it’s possible there will be additional production from some permitted wells, but we do not believe this sellers acreage will fall into that unit.

We believe the acreage is 100% drilled up. We are not making any representations about the number of acres owned.  With this in mind, these mineral rights are being sold on the basis of cash flow.  There will be no adjustments allowed to price at closing for any reason including the lease royalty rate, type of ownership, net decimal interest owned, etc..  All bids should be based upon purchasing 100% of what the seller is receiving via royalty income and the associated mineral rights.

The seller will keep the May 2022 check.  The June check is negotiable based on the offer.

The seller is not in a position where they need to sell these mineral rights.  The seller is firm on price.  If your offer is not very near the starting bid price (or higher), the offer will not be considered.  If they find the right price they are will to sell but they are also happy to collect the royalty income.

These mineral rights will be in the evaluation phase until Monday, June 13th.  No bids will be considered until we are accepting offers on June 13th.

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.

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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