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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.
Leon, TX
I had no idea how straightforward and very simple it would be to sell mineral rights in Texas. Texas Royalty Brokers, represented by Eric Winegar provided guidance on the complete process. Confirming exactly how the TRB website described each step of the sales process. Eric and his staff followed up immediately on every question I presented. I had limited information about the value of the mineral rights prior to the final offer presented which exceeded my expectations. Working with TRB, I became educated about the process of selling mineral rights and convinced me I would never try to sell without having the representation offered by Texas Royalty Brokers.
Midland, TX
I had an excellent experience working with Eric Winegar at Texas Royalty Brokers. Eric was professional, knowledgeable, and responsive. He clearly explained every step and made the process easy and stress-free. His attention to detail and commitment to getting the best outcome for me exceeded my expectations. I highly recommend Eric and Texas Royalty Brokers to anyone needing trustworthy royalty services.
Leon, TX
Texas Royalty Brokers did Everything they said they would do. They communicated often, they always answered my questions quickly and I had a lot of questions.
Very professional company. They negotiated a very good price for my mineral rights.
I would recommend them highly.
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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