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Client Reviews
Martin, TX
Working with Eric to help our family sell our oil rights was such a great experience and definitely the right decision for our family. From our first consultation over the phone, Eric laid out a road map of the process that was accurate, but also gave us the ability to make our own decisions along the way.
After negotiating with many potential buyers on our own, we were not able to get the price we were looking for to sell. However, once we hired Eric and his team to market our rights to all potential buyers in the market, we were able to sell at a much higher price and increase our take home net by over $100,000. I would definitely recommend Eric and Texas Royalty Brokers if you are concerned about under selling the value of your oil rights. His processes were clear, his service was outstanding, and his value to the transaction was worth his commissions!
Thank you for guiding us through the process Eric. We greatly appreciate you and your hard work!
Webb, TX
Amazing experience! Eric is a pro! We got a full price offer and closed within 2 weeks of listing. I will only work with Eric Winegar and Texas Royalty Brokers in the future.
Howard, TX
The team at Texas Royalty Brokers were so easy to work with. They made what sounds like a very confusing process, clear and straightforward. They were incredibly responsive and kind people to work with. I definitely recommend their services!
Tarrant, TX
A great and straightforward experience. They answered all questions and made the process quick and easy. I highly recommend their services.
Howard, TX
I engaged Texas Royalty Brokers to market my mineral interest after I received an unsolicited offer. They got me almost 2x the original offer, and they were professional and transparent through the entire process. Definitely plan to use them again.
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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.
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:
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.
