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Client Reviews

La Salle, TX

Rated 5 out of 5
June 24, 2022

Our family was on the fence about selling mineral rights until we got a really high offer in the mail. We reached out to see if the offer was a fair one. Within just minutes the company responded and walked us through the value of the mineral rights. We decided to list the mineral rights to see if there was a better offer. Sure enough, we got a bid that was even higher. I can’t thank Eric and the team at Texas Royalty enough for helping our family with the sale of these mineral rights. We are truly thankful.

Amy R.

Harrison, TX

Rated 5 out of 5
June 18, 2022

We got an offer from [redacted] in the mail. I knew this offer was a low ball offer, but we hadn’t really thought about selling until the offer came in. My wife and I didn’t want to be greedy, but we also wanted to sell for the best price we could find. I reached out to a few other buyers and then decided to list this at Texas Royalty Brokers. It was the best decision we could have made. We ended up walking away with substantially more money.

Arnold P.W.

Ward, TX

Rated 5 out of 5
May 6, 2022

The price I received after listing at Texas Royalty Brokers was shocking. I had multiple offers to sell, but I was not sure who to trust. I decided to list and let them walk me through the process. Our family was less concerned about the price and more concerned about not being taken advantage of. We ended up selling for over $600,000 more than the offers we were receiving. On top of that, they walk us through the sales process making sure we understood everything each step of the way. These guys are the real deal and our family is very grateful we found this company.

Sam L.

Winkler, Texas

Rated 5 out of 5
March 24, 2022

My family is extremely grateful that we found Texas Royalty Brokers. After receiving multiple offers to sell, we were ready to accept an offer and then found this company online. We decided to list and see if there were any better offers out there. We ended up selling over 40% higher. Had we simply taken the offer in hand, we would have left so much on the table. I highly recommend this company. They made the process simple and we walked away with more money.

Bethany A.

Glasscock, Texas

Rated 5 out of 5
February 4, 2022

We were trying to sell our mineral rights and getting overwhelmed with offers. We decided to list at Texas Royalty Brokers and let the buyers get into a bidding war. That’s exactly what happened! We ended up selling way higher than the offers we were seeing. Very happy we got a good price here.

Perry S.

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Listing Title

Purchase Minerals in San Augustine County Texas

Listing ID

401129

Listing Status

pending

Accepting Offers on 6/21/2022
  • Listing Posted - complete
  • Listing Evaluation - in progress
  • Accepting Offers - complete
  • Client Review - complete
  • Best and Final - complete
  • Under Contract - complete

Please take a moment to learn more about each listing phase.

These mineral rights will be in the evaluation phase until Tuesday, June 21st.   No bids will be considered until we are accepting offers on June 21st.

Listing Maps

Listing Files

To view the available files for this listing, please download the zip file using the button below.

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Listing Details

Starting Bid: $225,000

  • State : Texas
  • County : san-augustine
  • Legal Location : Various, please see the attached wells table and associated maps.
  • Net Acres : 24.42
  • Active Lease : Yes
  • Royalty Rate : 12.5%
  • Producing : yes
  • Average Income : $695/month
Comments:

_______________________

Update:  6/29/2022

Sale Pending

_______________________

If you are looking for solid royalty income from gas production this is an excellent opportunity with huge near term upside.  The seller is currently receiving almost $700/month in royalty income.   The bulk of this income is being generated from just 2.9 acres on the La Salle unit.

The upside is in the Oglesbee unit.  We estimate they have 19.19 NRA in this unit and there are currently 4 new wells that will be coming online.   There are 2 wells in DUC status, one well currently drilling, and 1 permitted well that will likely get drilled after the current well being drilled is finished.  With high gas prices, these will likely be completed and put online in the near future meaning great upside potential for the mineral buyer.

Note:  This new unit being drilled on is a larger 1,313/acre unit which looks like it encompasses the original Oglesbee unit.  You can see this on the included Baret Oglesbee permits.

There are some smaller units also included giving further upside for the buyer.

For title, the seller listed on the check stubs (Veda Bobbitt) is deceased.  Payment from the operator has been going into a checking account for Veda, and then distributed via check to her 3 children.  An affidavit of heirship has been filed naming her children as the successors.   All three children are on the same page about selling.  To our knowledge, probate has not been done on the estate.  The buyer will be responsible for creating the deeds and all three children can sign individual deeds for their 1/3 or a single deed transferring ownership from Veda to the buyer can be done.   The sellers would like 3 separate wire transfers for each heir.   The listed starting bid is for 100% of Veda’s ownership and the 3 heirs will split the total.

All bids should be based on the NDI listed on the check stubs from Aethon.  We have provided our estimated calculation of NRA, but the bids should be based upon the NDI’s they are being paid on.

Note:  The seller (Veda) has other interests in the same county.  These are all very small fraction of an acre types of ownership.  We do not have any documentation on this ownership as it’s not part of the sale and too small to be marketable.  The final deeds will need to be specific to the tracts listed on the Aethon check stubs as those are the only interests being sold.

We are showing a small amount ($25) in property taxes owed:

Property Taxes

Left hand side, select “Property tax search”, then search property tax by owner name and enter “bobbitt veda”

Files are available for download above.  Alternative download:

Download Files

These mineral rights will be in the evaluation phase until Tuesday, June 21st.   No bids will be considered until we are accepting offers on June 21st.

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.

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