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Client Reviews

Gonzales, TX

June 7, 2024

Working with Texas Royalty Brokers was seamless. They are helpful, communicative, transparent, and efficient. I did a sale on my own and one with Texas Royalty Brokers and would recommend doing the process with them!

Crystal C.

McMullen, TX

June 3, 2024

Texas Royalty Brokers is an outstanding firm that went above and beyond my expectations.

Eric and Emily were able to negotiate the value of my minerals more than I expected to receive, as well as, expedite the process with ease.

I am thankful for all their hard work.

If you’re considering selling minerals in Texas, do yourself a favor and contact them.

Matthew P.

San Augustine, TX

May 31, 2024

I cannot say enough positive things about my experience with Texas Royalty Brokers! Eric was always responsive to my many questions and guided me expertly through what was a foreign process to me. I highly recommend Texas Royalty Brokers to anyone who is interested in selling mineral/royalty rights.

Jan P.

Hemphill, TX

May 29, 2024

Eric and Emily were awesome! Very professional, informative and kept me informed and up to date on proceedings. Had a great experience!

Diane M.

Reeves, TX

May 1, 2024

Texas royalty brokers did a fabulous job getting my property sold efficiently professionally and quickly. Eric and Emily were prompt with returning calls and emails and made the entire transaction seamless! I would certainly use them again.

Lindsay F.

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Listing Notifications

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Listing Title

Panola County Texas Mineral Rights for Sale

Listing ID

401152

Listing Status

not available

Accepting Offers on 4/27/2023
  • 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.

___________________________

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:

Download Files

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.

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