sellers
Texas Royalty Brokers
Popular Topics
Mineral Rights Report
Buyers
New Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
Client Reviews
Shelby, TX
I found the team at Texas Royalty Brokers to be honest, competent, and focused on my needs. I plan on using them again and would not hesitate to recommend them.
Atascosa, TX
Around a year ago I received a brochure from Texas Royalty Brokers. I held on to it till this year. In speaking with the team at Texas Royalty Brokers it was clear to me to use their expertise. They were extremely knowledgeable and helpful in guiding me through this extensive process. I could completely recommend them to anyone interested in selling their minerals.
Karnes, TX
Emily and Eric did a wonderful job of marketing and selling my minerals. They were very helpful during the whole transaction. I couldn’t have asked for a better deal!
Karnes, Tx
We had an amazing experience with Emily and Eric. They were professional and knowledgeable in handling our deal and exceeded our expectations. We even experienced an issue on our end that they helped walk us through and resolve quickly! I would definitely use them again!
La Salle, TX
They were so Great… always up front, they did all the work and we got a very fair price… Didn’t have to bother with all the calls of other brokers with bait and switch offers. TRB are the Only way to sell your royalties and get a fair price.
Blog Categories
Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
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
___________________________
Update: 5/1/2023
Best and finals due end of day, Tuesday, May 2nd.
___________________________
Update: 4/27/2023
All bids due end of day, Friday, April 28th.
___________________________
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