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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
Purchase Mineral Rights in San Augustine County Texas
Listing ID
401180
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: $900,000
- State : Texas
- County : san-augustine
- Legal Location : A-103 & A-304
- Net Acres : 255.5
- Active Lease : Yes
- Royalty Rate : 25%
- Producing : no
- Average Income : N/A
Comments:
Update 5/31/24
Sold
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Update 4/5/24
Under contract
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Update 3/27/24
Initial bids due by Friday 3/29/24
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This is an excellent opportunity to buy mineral rights in San Augustine Texas in 2024.
The owner of these mineral rights has 127.75 net mineral acres in A-103 & A-304. This acreage was leased at 25% royalty rate giving the mineral owner a total of 255.5 net royalty acres. At the starting bid price of $900,000, this is just over $3,500/net royalty acre.
The location of these mineral rights is surrounded by active production to the West, North, and East. It’s only a matter time before this acreage is drilled on, which will provide the mineral buyer with a nice ROI.
These mineral rights were leased in November 2021, which means we have about 8 months remaining on the initial 3 year term. The owner was paid nearly $100K for the lease bonus, so the 2 year optional extension could provide the mineral buyer with an immediate ROI with a lease extension.
All bids should be based upon 127.75 NMA leased at 25%, or 255.5 net royalty acres. Adjustments will be allowed at closing based upon the NMA proven in title. If title shows less than 127.75 NMA, the mineral deed should convey a specific number of NMA since the owner has been paid a lease bonus for the full 127.75 NMA owned.
This listing is for the two tracts A-103 & A-304. However, the seller also has additional ownership listed below.
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In addition to the primary listing for A-103 & A-304, the seller also has 7.56 NRA in two different tracts. This ownership producing minimal royalty income, but is in a great location with plenty of upside. While not a part of the listing, the seller would entertain offers separately for this 7.56 NRA. We do not have the check stubs, but the attached 1099’s and tax rolls serve as backup to confirm this ownership. If you would like to make an offer on this acreage, please let us know a specific price for just this 7.56 NRA. We have attached documentation to the listing regarding this additional ownership.
Important: We believe the seller may have other ownership within San Augustine. The final deed will need to be specific to A-103 / A-304 and/or the producing acreage, and will not include any other legal locations or any type of county wide conveyance.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Wednesday, March 27th
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.
No county wide conveyances will be allowed.
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 3/27/2024