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Client Reviews

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.

Ward, TX

Rated 5 out of 5
May 6, 2022

The price I received after listing at Texas Royalty Brokers was shocking. I had multiple offers to sell, but I was not sure who to trust. I decided to list and let them walk me through the process. Our family was less concerned about the price and more concerned about not being taken advantage of. We ended up selling for over $600,000 more than the offers we were receiving. On top of that, they walk us through the sales process making sure we understood everything each step of the way. These guys are the real deal and our family is very grateful we found this company.

Sam L.

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Listing Notifications

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Listing Title

Minerals for Sale in Midland Texas

Listing ID

401130

Listing Status

not available

Accepting Offers on 7/7/2022
  • Listing Posted - complete
  • Listing Evaluation - complete
  • Accepting Offers - complete
  • Client Review - tbd
  • Best and Final - tbd
  • Under Contract - tbd

Please take a moment to learn more about each listing phase.

We are currently accepting offers for these mineral rights.  Offers will be accepted until Friday, July 15th.

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: $115,000

  • State : Texas
  • County : midland
  • Legal Location : Various, please see the attached wells table and associated maps.
  • Net Acres : 1.04
  • Active Lease : Yes
  • Royalty Rate : 12.5%
  • Producing : yes
  • Average Income : $1,962/month
Comments:

Update:  7/15/2022

The seller has decided to retain the mineral rights for the time being as they didn’t get any offers they felt were acceptable.

_________________________________

*****Note*******
This listing was activated on 7/7/2022.   We are going to accept offers immediately on these mineral rights until Friday, July 15th.  The seller has a confirmed current legitimate offer in hand that is just shy of the starting bid price.  If no bids at the starting bid price or higher are received before Friday, July 15th, the seller will accept the offer they have in hand.

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This is an opportunity to pick up prime acreage that currently has 22 active wells, 4 completed wells, 9 DUC wells, and 1 active permitted well.   The current royalty income is just shy of $2,000/month.  While there is a lot of flush production on these wells, there is also a lot of upside in the 13 completed and DUC wells that will come online.

The owner of these mineral rights acquired the mineral rights by purchasing homes, and then selling those homes but retaining the mineral rights.  The seller believes they acquired them through 4 home sales, but we were only able to locate 3 of the 4 deeds that show a mineral rights reservation.

In the attached ownership estimate, we believe the total net royalty acres to be around 1.04. The charger appears to have multiple unit sizes on the permits we pulled, so we are not 100% confident in the total number of net royalty acres.   This ownership estimate is truly just an estimate and all bids should be based on conveying the decimal interests listed on the check stubs from Endeavor and Deep Rock.

Files are available for download above.  Alternative download:

Download Files

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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