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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 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.

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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.

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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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