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Trusted by Mineral Owners
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.
Winkler, TX
I had an excellent experience with Eric Winegar and Texas Royalty. I found him to be very knowledgeable about big and small aspects of the industry and of my particular situation. He also was very timely in communications. I highly recommend them based on my experience.
Pecos, TX
I had a very good experience working with Eric and his team. Eric was very professional and due to his knowledge added a lot of insight into helping me sell my mineral interests. I was kept well informed on a weekly basis and once there was a buyer, Eric continued to help me understand the process. From the start to the finish, during the entire process I wasn’t ever disappointed. Eric has a great deal of experience and knowledge of mineral values and he also has many connections in the industry. If you are interested in selling minerals you own, I highly recommend you contact Eric and the good folks at Texas Royalty Brokers.
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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.
