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Client Reviews

Reagan, TX

Rated 5 out of 5
May 11, 2023

Eric and his company did a fantastic job throughout my entire selling process. They are very knowledgeable, gracious, and efficient. Eric personally went above and beyond in communication to me and my family and I would recommend him and his company to anyone. I’m incredibly satisfied.

Sean G.

Dimmit, TX

Rated 5 out of 5
May 10, 2023

Worth every penny! I can’t say enough about what a pleasant experience this was, thanks to Eric Winegar. Being completely unfamiliar with how to go about selling our family’s mineral interests, I had no idea where to begin. Then I received a brochure in the mail from Texas Royalty Brokers. It answered many of my questions (as well as some I didn’t know I should have), so I checked out their website. I found a wealth of information there as well, so I filled out their online inquiry form. I quickly heard from Eric, provided a few royalty check stubs, and from there he literally took care of everything else.

Eric explained every step of the process along the way and answered all my rookie questions with the utmost professionalism. His experience and expertise in this industry is invaluable and I could not have imagined an easier process.

Lisa S.

Panola, TX

Rated 5 out of 5
May 4, 2023

Eric Winegar was incredible. He took time to pull together data and explained in great detail the specifics of our mineral interests. We had an offer that could have potentially been a horrible mistake and Eric saved the day! We are so grateful for the time he took to put everything together and explain it to where we could understand it. He is so knowledgeable!

Christi Potts

Panola, TX

Rated 5 out of 5
May 2, 2023

Eric is First class, educational and honest. We had been offered a substantial amount for one of our mineral rights by mail. I was uncomfortable because the amount didn’t add up for me and I reached out to Texas Royalty Brokers for a second opinion. Eric took the time to explain the process, what he thought he might be able to do given the information he had at the time (which was no more than the offer letter I had been provided). I decided to give Eric a shot at the second opinion and sent in all the information required. Eric reviewed the information, did a substantial amount of research and scheduled a conference call.

Eric took the time to explain , with supporting maps and documentation, why selling was a bad idea for us. I learned more in a 30 minute conversation with Eric than I had in the three years since we inherited the royalties. Long story short, he saved us from making a several hundred thousand dollar mistake. He didn’t have to take the time educate us but he did. I highly recommend Eric and his team and will definitely use Eric if the time ever becomes right to sell.

Rick R.

Karnes, TX

Rated 5 out of 5
April 19, 2023

Eric, it was a pleasure working with you! The outcome and timing was precisely as expected and communication was every bit on point. I thank you, my family thanks you! I will keep in touch. Respectfully,

The Trial’s

Theresa T.

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Listing Notifications

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Listing Title

Buy Mineral Rights in Montague County Texas

Listing ID


Listing Status

not available

Accepting Offers on 5/4/2023
  • 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

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:

Download Files

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.

Buyer Inquiry