sellers
Texas Royalty Brokers
Popular Topics
Mineral Rights Report
Buyers
New Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
Client Reviews
Shelby, TX
I found the team at Texas Royalty Brokers to be honest, competent, and focused on my needs. I plan on using them again and would not hesitate to recommend them.
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.
Karnes, TX
Emily and Eric did a wonderful job of marketing and selling my minerals. They were very helpful during the whole transaction. I couldn’t have asked for a better deal!
Karnes, Tx
We had an amazing experience with Emily and Eric. They were professional and knowledgeable in handling our deal and exceeded our expectations. We even experienced an issue on our end that they helped walk us through and resolve quickly! I would definitely use them again!
La Salle, TX
They were so Great… always up front, they did all the work and we got a very fair price… Didn’t have to bother with all the calls of other brokers with bait and switch offers. TRB are the Only way to sell your royalties and get a fair price.
Blog Categories
Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
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.
________________________
Update: 5/16/2023
Sale Pending
________________________
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