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Client Reviews
Martin, TX
Working with Eric to help our family sell our oil rights was such a great experience and definitely the right decision for our family. From our first consultation over the phone, Eric laid out a road map of the process that was accurate, but also gave us the ability to make our own decisions along the way.
After negotiating with many potential buyers on our own, we were not able to get the price we were looking for to sell. However, once we hired Eric and his team to market our rights to all potential buyers in the market, we were able to sell at a much higher price and increase our take home net by over $100,000. I would definitely recommend Eric and Texas Royalty Brokers if you are concerned about under selling the value of your oil rights. His processes were clear, his service was outstanding, and his value to the transaction was worth his commissions!
Thank you for guiding us through the process Eric. We greatly appreciate you and your hard work!
Webb, TX
Amazing experience! Eric is a pro! We got a full price offer and closed within 2 weeks of listing. I will only work with Eric Winegar and Texas Royalty Brokers in the future.
Howard, TX
The team at Texas Royalty Brokers were so easy to work with. They made what sounds like a very confusing process, clear and straightforward. They were incredibly responsive and kind people to work with. I definitely recommend their services!
Tarrant, TX
A great and straightforward experience. They answered all questions and made the process quick and easy. I highly recommend their services.
Howard, TX
I engaged Texas Royalty Brokers to market my mineral interest after I received an unsolicited offer. They got me almost 2x the original offer, and they were professional and transparent through the entire process. Definitely plan to use them again.
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Listing Title
Listing ID
401108
Listing Status
sold
This listing has been SOLD. Please visit our listings page and set the status filter to “Active” to see currently active listings. If you want to buy mineral rights in Texas, sign up for listing notifications to receive emails when new listings are posted.
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - complete
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Listing Files
This listing has been sold. To protect our client’s privacy, the listing files are no longer available for download.
Listing Details
Starting Bid: $125,000
- State : Texas
- County : reagan
- Legal Location : A-108, Block E, Section 10
- Net Acres : 16.3
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $30/Month
Comments:
If you want to buy mineral rights in Reagan county that have upside potential, this is your opportunity. These mineral rights have some old vertical wells still barely producing. They are averaging around $30/month, but the income is very inconsistent due to the age of the wells.
These wells are currently leased at 12.5% held from an old lease back in the 1980’s. If the wells stop producing and the lease expires, the mineral buyer has the opportunity to lease these at a higher royalty rate in the future.
The seller would like to divest of these mineral rights as soon as possible due to a family situation. All bids will be considered. Please make all bids based upon 16.3 net mineral acres leased at 12.5% with nominal royalty income.
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.
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.