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Client Reviews
Howard, TX
Recently, I inherited some mineral rights and soon began receiving offers in the mail. Being new to the whole process, I was quite unsure about the best steps forward. After conducting some research, I decided to list the rights with Texas Royalty Brokers, and it was the best decision I made! The team provided me with comprehensive knowledge about the market, ensuring I had all the data in front of me to make an informed decision. Not only were they professional and thorough, but also transparent in all our dealings. The result? The offers I got through Texas Royalty Brokers were substantially higher than any of those I received in the mail. For anyone navigating the complex world of mineral rights, I can’t recommend Texas Royalty Brokers enough. Their expertise and commitment to clients are unmatched. The outcome speaks for itself. Thank you, Texas Royalty Brokers, for making this experience smooth and profitable!
Reeves, TX
Texas Royalty Brokers truly understood the value of my minerals and worked tirelessly to secure a deal that left me pleasantly surprised. They kept me informed throughout the process, with no confusing jargon or hidden agendas. Just honest and straightforward communication.
Reagan, TX
Eric and his company did a fantastic job throughout my entire selling process. They are very knowledgeable, gracious, and efficient. Eric personally went above and beyond in communication to me and my family and I would recommend him and his company to anyone. I’m incredibly satisfied.
Dimmit, TX
Worth every penny! I can’t say enough about what a pleasant experience this was, thanks to Eric Winegar. Being completely unfamiliar with how to go about selling our family’s mineral interests, I had no idea where to begin. Then I received a brochure in the mail from Texas Royalty Brokers. It answered many of my questions (as well as some I didn’t know I should have), so I checked out their website. I found a wealth of information there as well, so I filled out their online inquiry form. I quickly heard from Eric, provided a few royalty check stubs, and from there he literally took care of everything else.
Eric explained every step of the process along the way and answered all my rookie questions with the utmost professionalism. His experience and expertise in this industry is invaluable and I could not have imagined an easier process.
Panola, TX
Eric Winegar was incredible. He took time to pull together data and explained in great detail the specifics of our mineral interests. We had an offer that could have potentially been a horrible mistake and Eric saved the day! We are so grateful for the time he took to put everything together and explain it to where we could understand it. He is so knowledgeable!
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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