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Lea, NM
Emily and Eric really did a good job guiding us through the process to sell our mineral rights.
They found a buyer quickly, and even though our records were old and scattered, taking longer than usual to document things, they patiently worked with us to complete the sale. They are the best. Ken Flake.
Robertson, TX
Texas Royalty Brokers helped me and my family navigate some tricky inherited minerals. I had great peace of mind using them versus dealing directly with a buyer. Very satisfied experience.
Houston, TX
Texas Royalty Brokers was very helpful to me in evaluating the mineral rights owned by the estate of an old man for whom I am the executor, even though they probably knew very quickly I would not end up as a client.
Stephens, TX
I had the pleasure of working with Texas Royalty Brokers LLC this past month. From the beginning to the very end and everything in between, they were very communicative, responsive and helpful. They explained every part of the process and helped when I needed something. They made the whole process simple and easy. By using Texas Royalty Brokers LLC, I was able to get 2 times the amount I was offered by others or on my own.
Harrison, TX
Eric and Emily are very good at taking care of clients. I found them after researching companies to help me with selling. The reviews I found convinced me to give them an opportunity and I am thankful.
Emily was true to her word from the beginning to the completion. I am so pleased with her that if I choose to sell other property, I will definitely contact her and trust her judgement in my accounts.
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Listing Title
Panola County Texas Mineral Rights for Sale
Listing ID
401152
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: $132,500
- State : Texas
- County : panola
- Legal Location : 352 acres, located in the R.E. Koyle Survey, A-381, William B. Twomey Survey, A-681, William McFadden Survey, A-443, and Jacob West Survey, A-743
- Net Acres : 32.65
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $887/Month
Comments:
Update: 5/2/2023
Under Contract
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Update: 5/1/2023
Best and finals due end of day, Tuesday, May 2nd.
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Update: 4/27/2023
All bids due end of day, Friday, April 28th.
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These mineral rights are currently held in a trust. The owner’s son has POA which is attached to the listing. We have also included a declaration of trust and quit claim deed that appear to support 32.65 NMA leased at 12.5%.
There are currently 7 actively producing vertical wells that are between 14 and 17 years old. These wells are generating an average of $887/month over the last 6 months. Note that there was no check in November 2022, so we counted that as $0.
While there is some nice royalty income currently being generated, there is a lot of value in the upside on this acreage. There are active permits filed around this area, and new horizontals are being drilled in the area. Just to the East of this location, R Lacy drilled some “Hicks-Shivers” wells in 2019. These are very solid producing wells and they filed additional permits just to the North of this acreage. At some point in the future, horizontal wells will be drilled on this location providing really nice upside for the buyer.
All bids should be based on a .01159450 NDI in the 352 acre J.B. Fite unit.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Thursday, April 27th.
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 4/27/2023