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Client Reviews

Karnes, TX

Rated 5 out of 5
November 1, 2022

After several months of researching the process of selling mineral rights, as well as researching several land/mineral brokers, I filled out the contact form for Texas Royalty Brokers. I received a reply from Eric Winegar almost immediately. From the start, Eric was easy to work with and I always felt that he was truly working with my best in mind. Throughout our numerous emails and phone calls, he was always courteous and professional and answered every question I asked. Some more than once! I was provided with all the drilling maps and financial information he used to determine the listing price and future drilling potential.

Once I accepted an offer, he handled all of the paperwork and walked me through every part of the process. And, when we ran into a snag (which he had prepared me to expect) and I started to question my decision to sell, he was so respectful of my indecision and provided me with all the information I needed to reassure myself that I was making the right decision. I can’t thank him enough. I wouldn’t hesitate to recommend Texas Royalty Brokers to anyone interested in selling their mineral interests.

Jann R.

Howard, TX

Rated 5 out of 5
September 19, 2022

16 years after inheriting Howard County mineral rights, and recently receiving increasing unsolicited purchase offers, we made the decision to sell. After thoroughly researching brokerage firms we decided to contact Texas Royalty Brokers which was a highly beneficial move. Eric could not have been easier to work with and we felt a strong fiduciary relationship throughout the entire process. Numerous phone calls and discussions were handled in a prompt, professional manner with precise explanations and valuable information offered, all delivered in a stress free environment. We feel that Eric went above and beyond our expectations and was a significant factor in our successful sell. We highly recommend Texas Royalty Brokers and Eric Winegar and would not hesitate to work with them in any future endeavors.

Traci D.

Shelby, TX

Rated 5 out of 5
August 1, 2022

By listing our mineral interests with Texas Royalty Brokers, my husband and I received an offer more than 50% higher than the best offer we received in the mail. And, the expert guidance we received from Eric Winegar through the entire process was just as important.

Eric established value, listed the property, discussed options, vetted and coordinated paperwork, always provided thoughtful and knowledgeable guidance, clearly answered our many questions, and looked after our interests, keeping us informed every step along the way. We are so glad that we listed our property with Texas Royalty Brokers.

Linda, N.

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.

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Listing Title

Purchase Minerals in San Augustine County Texas

Listing ID

401129

Listing Status

sold

Accepting Offers on 6/21/2022
  • 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.

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.

Download

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: 8/1/2022

Sold

_______________________

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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