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Lea, NM
Wonderful experience! Highly recommend the Texas Royalty Brokers
Hemphill, TX
Emily and Eric are fantastic and very helpful. I know nothing about royalties, etc. They made it so easy, quick and painless. 5 out of 5 stars for sure!!!!
Lavaca, TX
Texas Royalty Brokers assisted me in a sale; they were straightforward and clear on the process; answered every question I had along the way….I would recommend them…
Shelby, TX
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Atascosa, TX
Around a year ago I received a brochure from Texas Royalty Brokers. I held on to it till this year. In speaking with the team at Texas Royalty Brokers it was clear to me to use their expertise. They were extremely knowledgeable and helpful in guiding me through this extensive process. I could completely recommend them to anyone interested in selling their minerals.
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Listing Title
Mitchell County mineral rights for sale
Listing ID
401177
Listing Status
sold
- 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
Please click the download button below to view the listing files. Listing files include maps, check stubs, and other documentation.
Listing Details
Starting Bid: $42,500
- State : Texas
- County : mitchell
- Legal Location : Multiple locations
- Net Acres : N/A
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $748/Month
Comments:
Update 3/18/24
Sold
____________________
Update 2/21/24
Accepting best and final offers through Friday, February 23, 2024
____________________
This ownership in Mitchell County, Texas consists acreage in a large super unit that produces consistent cash flow. In addition, there is acreage just to the south of this ownership with individual wells called the Trulock Wells.
We have a revenue summary for Winn Permian, which covers some of the Trulock wells, but there are additional Trulock wells in pay which will also convey in this sale. The seller has indicated that these adddtional Trulock wells do not produce much revenue at all and he does not have any royalty statements.
The acreage of this ownership is unknown and this deal is therefore being offered as a cash flow deal. The monthly royalties from this ownership nets the owner $748/Month.
Please note the owner has additional ownership in Howard County that is not for sale. Additionally, the only ownership in Mitchell County we are conveying for sale is the ownership listed in the Mineral Holders file attached.
We are not representing a specific number of acres owned. All bids should be based upon the cash flow value. No adjustments will be allowed based on acreage owned.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Tuesday, February 20th.
All buyers are required to either do a 14 day close, make a $5,000 deposit, or sign our qualified buyer agreement once a deal has been verbally agreed upon.
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.
Accepting Offers on 2/20/2024