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Client Reviews
Howard, TX
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.
Shelby, TX
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.
La Salle, TX
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.
Harrison, TX
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.
Ward, TX
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.
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Listing Title
Buy Mineral Rights in San Augustine TX
Listing ID
401138
Listing Status
pending
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - in progress
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:
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