Buy mineral rights in Panola County Texas

Starting Bid: $150,000

• State : Texas
• County : panola
• Legal Location : A-391 & A-160
• Net Acres : 34.04
• Active Lease : Yes
• Royalty Rate : 20%
• Producing : yes
• Average Income : N/A

Comments:

****Title has been run and confirmed on this ownership!****

This is an opportunity to buy acreage in Panola County Texas with excellent upside potential.  There is activity all around this location.

There is ownership in two abstracts as follows:

A-391 – 16.04 NMA leased @ 20% or 25.67 NRA
A-160 –  5.23 NMA leased @ 20% or 8.37 NRA
Total:  34.04 NRA

These mineral rights were all leased in 2022 on a 5 year lease at 20% royalty by R Lacy.

A-160:  In abstract A-160, R Lacy currently has a rig on location drilling 3 new wells. There are two wells in DUC status and the 3rd is being drilled.  The Red Wings 7 and 8 include the Howe unit, and the Red Wings #9 does not include the Howe unit.  The Red Wings and 7 and 8 wells appear to be allocation wells, so it’s not 100% certain that the 7 and 8 wells will include the 8.37 NRA.  However, if you look at the P16, it appears to show including the Howe unit.  In addition, the fact that R Lacy leased this acreage in 2022 would suggest the Howe acreage will be picked up in the 7 and 8 wells when they come online.

There is minimal income being generated from A-160 in the Howe Unit.  We have attached some recent check stubs, with the March check being for past production and the December check being for current production but the income is nominal.

A-391:  The “A-391 Map of 96.26 acre tract” file shows the location of this acreage.  It is in the Southwest portion of this abstract.  While there is not any activity on this acreage yet, the recent lease from 2022 and surrounding activity indicate this acreage likely to become active soon.  This acreage does not currently produce any royalty income.

Full title was run on this ownership when it was acquired.  Select title files have been attached, but additional title files are available upon request.   We recommend reviewing the “Title Flowchart” file attached which gives a good overall summary of the acreage.

The starting bid for this ownership is $150,000 or approximately $4,400/NRA.  If a starting bid price or higher is received, this acreage will 100% be sold and the seller is ready to make a decision quickly.

For this listing, we are requiring the following:

1. 1. Special Warranty Deed
   2. 30 Day Close
   3. Any adjustments to purchase price over 10% must be mutually agreeable on a tract by tract basis.
   4. Our closing process included in the PSA, which is:   At closing, buyer will provide the mineral deed.  The seller will execute the mineral deed and return it to Texas Royalty Brokers.  Texas Royalty Brokers will provide buyer with a scanned copy of the deed, and buyer will then wire funds to seller and Texas Royalty Brokers respectively.  Once funds are confirmed, Texas Royalty Brokers will overnight the deed to the Buyer.   
   5. Buyer must close within 14 days or sign our qualified buyer agreement.

To view/download the listing files, please visit the link below:

Download Files

We will begin accepting offers on January 9th, 2025.

All buyers are required to either do a 14 day close or sign our qualified buyer agreement once a deal has been verbally agreed upon.  In certain situations, we may require a $5,000 to $10,000 earnest deposit at the sole discretion of Texas Royalty Brokers.

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.