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Client Reviews
San Augustine, TX
I am so grateful for the guidance during the process of selling my mineral rights. This was a huge decision! Eric and his team are top notch professionals, answering any and all concerns/questions along the way. I would definitely recommend Texas Royalty Brokers!
Anderson, TX
I went into the listing and sale of mineral rights knowing nothing! TRB made the process easy. They explained every step of the process with frequent updates and were patient and prompt in answering any questions. I could not have navigated this process without them. I am truly grateful for their help and highly recommend TRB for anyone looking to sell their mineral rights.
Harrison, TX
I dealt with Emily and she did a wonderful job. She did research for me into the value of mineral rights and gave me the option to sell through them or to wait. I choose to hold on to my mineral rights for the time being but had a great experience working with her. I would definitely recommend to anyone needing help with their oil and gas mineral rights to give her a call.
Anderson, TX
They have great communication throughout the whole process. They are thorough in answering questions and are quick to respond. I am very satisfied with the service I received and will use them again.
Loving, TX
My sister and I had inherited some mineral rights from our mother’s estate, and we didn’t know where to begin. Emily and Eric both answered every question, gave us all the guidance we needed and we walked away with an offer/sale that was well above any that had been offered before. I would highly recommend Texas Royalty Brokers!
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Listing Title
Buy Mineral Rights in Montague County Texas
Listing ID
401153
Listing Status
not available
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - in progress
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: $185,500
- State : Texas
- County : montague
- Legal Location : Multiple - Please see attached files.
- Net Acres : 133.41
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $2,450/Month
Comments:
Update: 6/2/2023
Seller has decided not to sell.
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Update: 5/16/2023
Sale Pending
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This is an excellent opportunity to buy diversified acreage in Montague County operated by EOG.
This ownership is currently held in an LLC. There is a single owner member who has signature authority on the sale so it will not be a complicated transfer.
There are over 35 producing wells spread out among many different units. The acreage is also spread out between the units with nice chunks of acreage in different locations providing further diversification.
The production is predominately natural gas liquids and natural gas, with a little bit of oil production. Looking at December 2022 to April 2023, the income declined along with the drop in natural gas prices. We took a very conservative approach on the Revenue Summary and only looked at the last 3 months to come up with $2,450/month in royalty income. This is assuming a nearly worst case scenario for long term natural gas prices. In December 2022, when natural gas prices were $5, this was producing almost $5,000/month.
For your convenience, we included a download of all files from Texas File related to this LLC acquiring this ownership via deed’s and the available lease agreements / memo’s for lease that were available. This is available as zip file and the images above show the files available.
For the lease royalty rates, we are seeing both 3/16th’s and 1/5th lease rates. On the ownership estimate we assumed 12.5% royalty rates to provide an estimated number of net royalty acres owned.
For this listing, all offers should be based on the NDI’s listed on the check stubs. We have provided the ownership estimate as an estimate only. Adjustments will only be allowed in the event EOG is paying incorrectly and less NDI is owned than indicated on the check stubs. Only the NDI proven in title would convey, so if you are showing less NDI than what they are being paid for by EOG, the seller would keep the NDI not proven in title.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Thursday, May 4th.
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 5/4/2023