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Lea, NM
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Listing Title
Buy Mineral Rights in Nacogdoches County Texas
Listing ID
401171
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: $170,000
- State : Texas
- County : nacogdoches
- Legal Location : Jose Antonio Survey, A-17
- Net Acres : 25.82
- Active Lease : No
- Royalty Rate : N/A
- Producing : no
- Average Income : N/A
Comments:
Update: 2/26/2024
Sold
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Update: 1/26/2024
Under Contract
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The owner of these mineral rights has 25.82 net mineral acres, or 50% of the 51.64 gross acres in the tract.
These mineral rights are currently non-leased / non-producing. However, there is activity all over this area and they have had multiple leases in the past. There are currently 2 rigs running just North of this acreage. Securing a lease will provide the buyer with an immediate ROI, and given the activity in the area, it’s only a matter of time before this acreage is drilled on.
We have attached the last lease from 2018, which was a 5 year term and appears to now be expired. The owner was Larry Lynch at the time of that lease, but our client is Larry Lynch’s daughter. She has provided an AOH showing her as the only heir to Larry Lynch. In addition, she was able to provide some additional historical leases and deeds regarding the ownership.
Please note that the seller may have ownership in other locations of Nacogdoches. In addition, it’s possible she will inherit additional acreage in the future. The deed must be specific to only the 51.64 acre tract within A-17. In addition, the deed must only convey mineral rights within this tract that she currently owns as of the effective date, and she would keep any mineral rights she inherits in the future.
All bids should be based upon 25.82 NMA currently non-leased / non-producing status. Adjustments will be allowed in this case on the basis of what is proven in title. However, if you show less than 25.82 NMA, the deed will need to convey a specific amount of net mineral acres.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Wednesday, January 24th.
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 1/24/2024