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Leon, TX
I had no idea how straightforward and very simple it would be to sell mineral rights in Texas. Texas Royalty Brokers, represented by Eric Winegar provided guidance on the complete process. Confirming exactly how the TRB website described each step of the sales process. Eric and his staff followed up immediately on every question I presented. I had limited information about the value of the mineral rights prior to the final offer presented which exceeded my expectations. Working with TRB, I became educated about the process of selling mineral rights and convinced me I would never try to sell without having the representation offered by Texas Royalty Brokers.
Midland, TX
I had an excellent experience working with Eric Winegar at Texas Royalty Brokers. Eric was professional, knowledgeable, and responsive. He clearly explained every step and made the process easy and stress-free. His attention to detail and commitment to getting the best outcome for me exceeded my expectations. I highly recommend Eric and Texas Royalty Brokers to anyone needing trustworthy royalty services.
Leon, TX
Texas Royalty Brokers did Everything they said they would do. They communicated often, they always answered my questions quickly and I had a lot of questions.
Very professional company. They negotiated a very good price for my mineral rights.
I would recommend them highly.
Winkler, TX
I had an excellent experience with Eric Winegar and Texas Royalty. I found him to be very knowledgeable about big and small aspects of the industry and of my particular situation. He also was very timely in communications. I highly recommend them based on my experience.
Pecos, TX
I had a very good experience working with Eric and his team. Eric was very professional and due to his knowledge added a lot of insight into helping me sell my mineral interests. I was kept well informed on a weekly basis and once there was a buyer, Eric continued to help me understand the process. From the start to the finish, during the entire process I wasn’t ever disappointed. Eric has a great deal of experience and knowledge of mineral values and he also has many connections in the industry. If you are interested in selling minerals you own, I highly recommend you contact Eric and the good folks at Texas Royalty Brokers.
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Listing Title
Buy Mineral Rights in San Augustine County Texas
Listing ID
401154
Listing Status
sold
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - complete
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: $210,000
- State : Texas
- County : san-augustine
- Legal Location : Multiple - Please see attached files.
- Net Acres : 24.12
- Active Lease : Yes
- Royalty Rate : 20%
- Producing : yes
- Average Income : N/A
Comments:
Update: 7/26/2023
SOLD
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Update: 5/18/2023
Under Contract
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Update: 5/16/2023
Initial bids due 5/17/2023, end of day.
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There are a few moving parts on this listing. Please check the map attached at the top where we have highlighted the different abstracts where this seller has ownership.
This listing is based on both leased and non-leased ownership.
In 2021, the seller leased 13.48 NMA in A-77 and A-194. We have highlighted these sections in blue on the map. This lease is attached and is at 20%. We are not sure the split on how many NMA are in A-77 vs A-194.
In addition, we believe the seller also has 10.64 NMA that are unleased in A-231. This is also highlighted in blue on the map. However, the seller has been offered a lease at $1,000/acre for a 25% lease on this acreage. The offer to lease also indicates that a permit may be filed very soon with intent to drill soon as well. Please contact us for more details on this. The seller is not going to accept the lease and will allow the buyer to negotiate their own lease and collect the lease bonus payment.
Important: The asking price on this package is for the above acreage. Both the non-leased and leased acreage in those 3 abstracts as a package deal. Adjustments are allowed based on how many NMA title proves out, however, if less NMA are owned you will need to provide a deed with a specific number of net mineral acres to convey.
We believe this seller may also own additional acreage in San Augustine. In 2022, the seller sold some mineral rights to the Alexander unit. The deed that was filed appears to show multiple legal locations in A-220, A-103, A-88, and A-192. However, if you look at the top of Exhibit A, the deed states that the sale is “limited to the interest located within the Comstock Alexander Unit”. In our opinion, this means the conveyance only covered A-88 (part of the Alexander unit) and the seller may still have ownership in A-220, A-103, and A-192. These are highlighted in black on the map. We assume this acreage to be unleased and we do not have an estimate on how many NMA they own, if any, in these locations. The seller is open to sell any ownership he has in these locations as well. Once title is complete, this portion of the sale would be negotiable.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Monday, May 15th
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 5/15/2023