Buy Mineral Rights in San Augustine TX

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

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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.

Download Files

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.