Mineral Rights for Sale in 2026 - Panola County, Texas

Starting Bid: $625,000

• State : Texas
• County : panola
• Legal Location : A-433
• Net Acres : 123.01
• Active Lease : No
• Royalty Rate : N/A
• Producing : no
• Average Income : N/A

Comments:

Panola County, Texas Mineral Rights for Sale – 123.01 NRA with 3 DUC Wells

If you are looking for Panola County Mineral Rights for sale in 2026 with immediate upside, this listing will deliver with 123.01 NRA and 3 DUC wells.

This seller is not currently in pay status.  There was an original “Moody Cotton” vertical well that stopped producing back in 2017.   At the time, we believe the seller had both an RI and an ORRI.  That ORRI would have expired with the well, but we believe their .0218570 RI on a 704 acre unit survived.  This seller is difficult to track down due to inheritance and chain of title and the fact they are not in the tax roll at all.  This listing brings a deal to market that would otherwise have been hidden from public view.

We believe the seller has a total of 123.01 NRA.  There are currently 4 new DUC wells that sit in this area.  These wells are all allocation wells and we believe this breaks down in the following way:

12HH – Ruby Dodd / Moody Cotton has 29.85% participation
13HH – Ruby Dodd / Moody Cotton has 30.92% participation
14HH – Ruby Dodd / Moody Cotton has 10.70% participation
15HH – No Participation

Cara Clark Husbands Ownership Summary — Moody Cotton 001 Unit (Panola County, TX)

Mineral/royalty interest of approximately 0.0218570 (revenue basis, non-cost-bearing) in the 704-acre Ruby Dodd Unit (formerly Moody Cotton Company Unit), Elijah Morris Survey A-433 and A. Lampkin Survey A-902, Panola County, Texas. Interest passed from Patrick Lee Clark through his father Gerald W. Clark to current owner Cara Clark Husbands via trust distribution, assignment, and heirship. Unit acreage of 704.00 is confirmed by a recorded 2026 unit amendment, consistent with the original 1954 declaration. Currently in pay status with the operator, coded perpetual (no term limit).

A few title items remain open for buyer’s counsel to confirm during due diligence, including the trust under which Gerald W. Clark held the interest and the scope of Bernice Upshaw Clark’s conveying authority in 2019.

Buyers should reference the attached Chain of Title Summary attached for the full instrument-by-instrument history and a complete list of open title items.  It is the buyers responsibility to run full title, we are simply providing some preliminary chain of title documentation for review. 

Note:  We have provided a large amount of recorded documents to help assist in researching this ownership.

R-Lacy Communication

R-Lacy has provided the seller with a couple things.

1.  They provided an old DOI from Craton Bravo related to the Moody Cotton well.  While this interest type shows as O, we believe this is an RI and its 50% of the .04xxx conveyed in the original deed.
2. R-Lacy has provided the sellers with a JOA.  They have not signed anything indicating they want to participate as a working interest owner.  In addition, they have not signed a lease agreement with R-Lacy.  In our view, this acreage is either open to be leased or they have an NPRI which is why R Lacy has not leased them.

To further reiterate, the seller has not signed anything at all with R Lacy or anyone else in the recent past.

Starting Bid Price and Offer Timing

The sellers came to us with offers from a couple of legitimate buyers. Both of these buyers see the seller with ownership, which is further evidence this is not an expired ORRI situation.  We believe the seller does in fact have the .021857 RI in this location on the original 704 acre unit, giving them the 123.01 NRA.

The seller would like to start the bid at $625,000, or just over $5,000/NRA.   The seller is serious about moving forward with the best available offer.

Due to the July 4th holiday and the time needed to review the title situation, our bid review process is being extended until July 7th to provide buyers with adequate time to come up with their offer.   We will begin accepting bids on Tuesday, July 7th. 

We respectfully ask that you take just a few moments to review our bidding process:
Texas Royalty Brokers – Bidding Process

For this listing, we are requiring the following:

1. 1. Special Warranty Deed
   2. 30 Day Close
   3. Any adjustment to the purchase price greater than 20% must be mutually agreeable.
   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 Tuesday, July 7th. 

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 $25,000 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.

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