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Client Reviews
Leon, TX
Texas Royalty Brokers did a fantastic job marketing and selling my mineral rights. Eric and Emily were extremely helpful and patient in answering all my questions and guiding me through the process. They basically did all the paperwork. I would definitely use them again!
Andrews, TX
Eric and his staff at Texas Royalty Brokers were amazingly helpful! Between finding the value of my minerals, finding buyers, and handling the contracts. I couldn’t imagine dealing with the processes without them.
Thank you so much Eric!!!
Mitchell, TX
Texas Royalty Brokers was great to work with! The offer exceeded my expectations! Eric and Emily were very clear and organized with the process and made it easy. I would definitely use them again!
Karnes, TX
My experience with Tx Royalty Brokers was excellent. They basically did all the work as promoting and marketing my asset. I ended up getting what I wanted – my net payout was a multiple of over 66 months of my present monthly royalty payments.
I would highly recommended Eric and Emily to anyone who is interesting in marketing their mineral or royalty interests.
Borden & Dawson, TX
I am convinced working with Texas Royalty Brokers resulted in maximizing the amount I sold my mineral interests for. They were engaged and responsive throughout the sale process, willing to discuss any concerns or requests, and also provided sound advice based on their past experience. If I ever consider selling additional minerals in the future, Texas Royalty Brokers will be my first choice to market them.
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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