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Lavaca, TX
Such a smooth transaction! Highly recommend!
Reeves, TX
I had the pleasure of doing business with Texas Royalty Brokers and I was very satisfied with the results! Emily was straightforward, quick to respond, and honest the whole way through. I highly recommend Emily, Eric and the team at Texas Royalty Brokers.
Karnes, TX
Emily and Eric were great! Very fast process! I had lots of questions and they were very responsive and gave lots of updates.
Upton, TX
Texas Royalty Brokers has to be one of the most efficient mineral brokers in the nation. Within a week of my listing I received a 30% increase against my highest offer trying to sell it on my own. A very concise, smooth experience from start to finish.
Montrail, ND
I had a issue with my mineral rights and Eric was the ONLY broker to give me a fast and straight-forward response that actually helped … and I reached out to quite a few. I will definitely work with Texas Royalty Brokers again and recommend them to anyone with mineral rights.
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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