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Upton , TX
My wife and I were very pleased with the guidance and knowledgeable advice that Emily and Eric provided to us regarding the sale of her mineral rights in Texas.
Nacogdoches, TX
Eric and his team were very knowledgeable and responsive to our needs and questions. The professionalism and integrity exceeded our expectations throughout the entire process. We highly recommend Texas Royalty Brokers!
Harrison, TX
I decided to work with Texas Royalty Brokers after reading several of their reviews. It was a good decision. They were prompt in their communication and straightforward in their assessments and follow through. I am quite pleased with the outcome and recommend them highly.
San Augustine, TX
I am so grateful for the guidance during the process of selling my mineral rights. This was a huge decision! Eric and his team are top notch professionals, answering any and all concerns/questions along the way. I would definitely recommend Texas Royalty Brokers!
Anderson, TX
I went into the listing and sale of mineral rights knowing nothing! TRB made the process easy. They explained every step of the process with frequent updates and were patient and prompt in answering any questions. I could not have navigated this process without them. I am truly grateful for their help and highly recommend TRB for anyone looking to sell their mineral rights.
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Listing Title
Buy Mineral Rights in San Augustine TX
Listing ID
401138
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.
We are currently in the listing evaluation phase for these mineral rights. We will begin accepting offers on Thursday, September 8th.
Listing Maps
Listing Files
To view the available files for this listing, please download the zip file using the button below.
Listing Details
Starting Bid: $870,000
- State : Texas
- County : san-augustine
- Legal Location : Multiple - Please see attached maps
- Net Acres : 193.33
- Active Lease : Yes
- Royalty Rate : 25%
- Producing : yes
- Average Income : $796/Month
Comments:
Update: 11/2/2022
Property Sold
_________________________________
If you have been looking for an opportunity to buy mineral rights with a lot of upside potential, this deal is for you.
The owner of these mineral rights has a total of 384.84 net royalty acres. They are interested in selling 50% of their ownership. These mineral rights currently generate an average of $1,592/month, or $796/month based on selling 50% of the ownership. There are three separate tracts, each with a large amount of net royalty acres providing some great diversification and huge upside potential.
Tract 1: Williams Chumley Unit – 115.7 NRA – 57.85 NRA being sold
There is currently a single horizontal well producing here. In addition, there are two permits filed in June 2022 to combine the acreage in the Williams-Chumley and Wright units to create a larger 1552.96 acre unit. The owners would have a nice amount of acreage within this larger unit if these two new wells are drilled.
Tract 2: Jayhawks Unit – 214.36 NRA – 107.18 NRA being sold
There is only a single horizontal well producing here which creates an excellent upside potential when any new activity occurs. This is a great location so it is only a matter of time.
Tract 3: Wildcat Unit – 54.76 NRA – 27.38 NRA being sold
There is only a single horizontal well producing here which creates an excellent upside potential when any new activity occurs. This is a great location so it is only a matter of time.
In addition to these three tracts, the seller has also recently leased 1.8 additional acres at 25%. The seller has signed the lease but has not yet been paid. Please note that the seller is entitled to receive the entire lease bonus payment even though half of this acreage may be sold. We were able to pull some other leases and we believe most of this acreage is leased at 25%.
The owner may have additional ownership in San Augustine / Shelby county. They may also own some land associated with these mineral rights. This sale is only for the ownership listed on the check stubs from XTO / Sheridan, and includes mineral rights only.
While the seller is only interested in selling 50% at this time, they may be interested in selling 100% depending on the offers. If the right offer comes along they are willing to consider a sale of 100% of the mineral rights.
All bids should be made based on the net royalty acres shown in the ownership estimate. Buyer to run title to confirm the mineral rights ownership.
You can download the available listing files here.
We will begin accepting offers on Thursday, September 8th.
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 9/8/2022