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Leon, TX
I had no idea how straightforward and very simple it would be to sell mineral rights in Texas. Texas Royalty Brokers, represented by Eric Winegar provided guidance on the complete process. Confirming exactly how the TRB website described each step of the sales process. Eric and his staff followed up immediately on every question I presented. I had limited information about the value of the mineral rights prior to the final offer presented which exceeded my expectations. Working with TRB, I became educated about the process of selling mineral rights and convinced me I would never try to sell without having the representation offered by Texas Royalty Brokers.
Midland, TX
I had an excellent experience working with Eric Winegar at Texas Royalty Brokers. Eric was professional, knowledgeable, and responsive. He clearly explained every step and made the process easy and stress-free. His attention to detail and commitment to getting the best outcome for me exceeded my expectations. I highly recommend Eric and Texas Royalty Brokers to anyone needing trustworthy royalty services.
Leon, TX
Texas Royalty Brokers did Everything they said they would do. They communicated often, they always answered my questions quickly and I had a lot of questions.
Very professional company. They negotiated a very good price for my mineral rights.
I would recommend them highly.
Winkler, TX
I had an excellent experience with Eric Winegar and Texas Royalty. I found him to be very knowledgeable about big and small aspects of the industry and of my particular situation. He also was very timely in communications. I highly recommend them based on my experience.
Pecos, TX
I had a very good experience working with Eric and his team. Eric was very professional and due to his knowledge added a lot of insight into helping me sell my mineral interests. I was kept well informed on a weekly basis and once there was a buyer, Eric continued to help me understand the process. From the start to the finish, during the entire process I wasn’t ever disappointed. Eric has a great deal of experience and knowledge of mineral values and he also has many connections in the industry. If you are interested in selling minerals you own, I highly recommend you contact Eric and the good folks at Texas Royalty Brokers.
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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