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Client Reviews
Reagan, TX
Eric and his company did a fantastic job throughout my entire selling process. They are very knowledgeable, gracious, and efficient. Eric personally went above and beyond in communication to me and my family and I would recommend him and his company to anyone. I’m incredibly satisfied.
Dimmit, TX
Worth every penny! I can’t say enough about what a pleasant experience this was, thanks to Eric Winegar. Being completely unfamiliar with how to go about selling our family’s mineral interests, I had no idea where to begin. Then I received a brochure in the mail from Texas Royalty Brokers. It answered many of my questions (as well as some I didn’t know I should have), so I checked out their website. I found a wealth of information there as well, so I filled out their online inquiry form. I quickly heard from Eric, provided a few royalty check stubs, and from there he literally took care of everything else.
Eric explained every step of the process along the way and answered all my rookie questions with the utmost professionalism. His experience and expertise in this industry is invaluable and I could not have imagined an easier process.
Panola, TX
Eric Winegar was incredible. He took time to pull together data and explained in great detail the specifics of our mineral interests. We had an offer that could have potentially been a horrible mistake and Eric saved the day! We are so grateful for the time he took to put everything together and explain it to where we could understand it. He is so knowledgeable!
Panola, TX
Eric is First class, educational and honest. We had been offered a substantial amount for one of our mineral rights by mail. I was uncomfortable because the amount didn’t add up for me and I reached out to Texas Royalty Brokers for a second opinion. Eric took the time to explain the process, what he thought he might be able to do given the information he had at the time (which was no more than the offer letter I had been provided). I decided to give Eric a shot at the second opinion and sent in all the information required. Eric reviewed the information, did a substantial amount of research and scheduled a conference call.
Eric took the time to explain , with supporting maps and documentation, why selling was a bad idea for us. I learned more in a 30 minute conversation with Eric than I had in the three years since we inherited the royalties. Long story short, he saved us from making a several hundred thousand dollar mistake. He didn’t have to take the time educate us but he did. I highly recommend Eric and his team and will definitely use Eric if the time ever becomes right to sell.
Karnes, TX
Eric, it was a pleasure working with you! The outcome and timing was precisely as expected and communication was every bit on point. I thank you, my family thanks you! I will keep in touch. Respectfully,
The Trial’s
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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