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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
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