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Client Reviews

Howard, TX

Rated 5 out of 5
January 3, 2023

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!

Bridget Z.

Tarrant, TX

Rated 5 out of 5
December 15, 2022

A great and straightforward experience. They answered all questions and made the process quick and easy. I highly recommend their services.

Robert S.

Howard, TX

Rated 5 out of 5
December 2, 2022

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.

Christopher W.

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.

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Listing Notifications

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Listing Title

Mineral Buyers in Midland Texas

Listing ID

401134

Listing Status

sold

Accepting Offers on 8/24/2022
  • 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.

We are currently in the listing evaluation phase for these mineral rights.  We will begin accepting offers on Wednesday, August 24th.

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: $105,000

  • State : Texas
  • County : midland
  • Legal Location : Block 39, T2S, Section 12 Block 39, T2S, Section 11
  • Net Acres : 3.83
  • Active Lease : Yes
  • Royalty Rate : 12.5%
  • Producing : yes
  • Average Income : $217/Month
Comments:

Update: 8/29/2022
The sellers family member (who does not want to sell), has indicated they also have not been getting any royalty income.  The operator did confirm that they are “in pay on all accounts”.   We believe the seller has an ownership in the 3DW well based on the fact that this well has part of the 80 acre unit included in it.  However, we believe they are simply behind on getting royalty payments out to the owners on this.

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This is an opportunity to purchase mineral rights in Midland County Texas.  This acreage is located in a prime spot right in the middle of Midland, surrounded by rig activity.

There are currently 4 old vertical wells producing a little over $200/month on average.  In addition, a new well has been drilled called the Ward 3DW.  This well has been producing for 5 months now.  However, the seller has never collected any of the money from the Ward 3DW.  We believe they may not have signed their division orders so this money is currently held in suspense.  The seller recalls getting some documents to sign but does not remember what those were.

The seller is not going going to release these funds from suspense.  Instead, they would prefer to just sell the mineral rights and let the new buyer collect those funds out of suspense.

The seller is working on contacting Pioneer to determine how much money is held in suspense and to determine if the reason they haven’t been paid is simply because they didn’t sign a DO.

We believe the seller has 3.83 net royalty acres.  We note that the Ward 3DW well is showing Terry with a .00127388 NDI.  We do not believe this is correct because Terry has this same NDI on the Ward #2 well which is only 80 acre spacing, where the 3DW well is 161.3 acre spacing.   We are hoping that Pioneer can clear up the NDI in the new unit as we expect it to be approximately half of the .0012733 NDI since the unit size has doubled.

The seller currently has offers on the table.  All offers made should be on an NDI basis only.   We are not representing 3.83 NRA of ownership.  This is only an estimate.  All offers should be made based on the NDI they are currently in pay on.

The seller would like to start negotiations at $105,000 for this interest.

You can download the available listing files here.

Download Files

We will begin accepting offers on Wednesday, August 24th.

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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