sellers
Texas Royalty Brokers
Popular Topics
Mineral Rights Report
Buyers
New Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
Client Reviews
Reeves, TX
Eric and Emily were a pleasure to work with. They were very professional, thorough and attentive to my needs. Were very helpful in explaining the entire process of selling mineral rights. I felt confident that they obtained the best price available. I would highly recommend TX Royalty Brokers!
San Augustine, TX
In the world we live in today, it’s very difficult to know who to trust. Eric and Emily were knowledgeable, patient, and professional. They exceeded my expectations, and EARNED my trust. I would recommend them to anyone looking to sell their minerals.
Glasscock, TX
I enjoyed working with Emily and Eric. They did exactly what they said they would do. They were very professional and communicated well. I would recommend them to anyone looking to sell their mineral rights.
Ward, TX
Eric and Emily were a pleasure to work with. I was able to quickly sell my resources for top dollar!
Lea, NM
Wonderful experience! Highly recommend the Texas Royalty Brokers
Blog Categories
Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
Listing Title
San Augustine County Texas Mineral Rights for Sale
Listing ID
401173
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.
Listing Maps
Listing Files
Please click the download button below to view the listing files. Listing files include maps, check stubs, and other documentation.
Listing Details
Starting Bid: $132,500
- State : Texas
- County : san-augustine
- Legal Location : A-47, A-661, A-5
- Net Acres : 31.11
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $177/Month
Comments:
Update 6/14/24
Sold
_____________________________
Update: 2/21/2024
Best and Finals due Friday, February 23rd end of day.
_____________________________
These mineral rights are partially leased at a 20% royalty rate and partially leased at a 25% royalty rate. We are showing a 12.5% royalty rate because we are representing the NRA. We believe the owner of these mineral rights has approximately 31.11 net royalty acres. This acreage sits on the border of Shelby and San Augustine Counties.
There are two active permits in each unit in which they have ownership. This represent strong upside potential as these are large units with only a single well drilled.
Please note, the seller has her son listed as Power of Attorney, however seller has been conducting her own business, keeping her son informed. If the son completes the transaction, a POA will be provided.
There is an IRS lien on the property that part of the sale will be used to pay off. We believe the amount due is approximately $70,000. We have attached the lien showing $21,000 owed, however the seller believes the number is closer to $70,000 and we are working on getting documentation to confirm the number.
All bids should be based upon 31.11 NRA. Adjustments will be allowed in this case on the basis of what is proven in title. However, if you show less than 31.11 NRA, the deed will need to convey a specific amount of net royalty acres.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Wednesday February 7th.
All buyers are required to either do a 14 day close, make a $5,000 deposit, or sign our qualified buyer agreement once a deal has been verbally agreed upon.
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 2/7/2024