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Client Reviews
Ector, TX
I have had several correspondences over the recent past with Eric. Five stars is simply not enough! Navigating and trying to understand the mineral interests I inherited has been daunting, and further crazy with offers of purchase. Not knowing what to do or what to expect, I reached out to Texas Royalty Brokers and fortunately Eric responded to my inquiries. Has has been informative, up front, he has researched and quite honestly, has gone way above and beyond any expectations I had. Thank you, Eric!
Gonzales, TX
Working with Texas Royalty Brokers was seamless. They are helpful, communicative, transparent, and efficient. I did a sale on my own and one with Texas Royalty Brokers and would recommend doing the process with them!
McMullen, TX
Texas Royalty Brokers is an outstanding firm that went above and beyond my expectations.
Eric and Emily were able to negotiate the value of my minerals more than I expected to receive, as well as, expedite the process with ease.
I am thankful for all their hard work.
If you’re considering selling minerals in Texas, do yourself a favor and contact them.
San Augustine, TX
I cannot say enough positive things about my experience with Texas Royalty Brokers! Eric was always responsive to my many questions and guided me expertly through what was a foreign process to me. I highly recommend Texas Royalty Brokers to anyone who is interested in selling mineral/royalty rights.
Hemphill, TX
Eric and Emily were awesome! Very professional, informative and kept me informed and up to date on proceedings. Had a great experience!
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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
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Update: 2/21/2024
Best and Finals due Friday, February 23rd end of day.
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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