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Upton , TX
My wife and I were very pleased with the guidance and knowledgeable advice that Emily and Eric provided to us regarding the sale of her mineral rights in Texas.
Nacogdoches, TX
Eric and his team were very knowledgeable and responsive to our needs and questions. The professionalism and integrity exceeded our expectations throughout the entire process. We highly recommend Texas Royalty Brokers!
Harrison, TX
I decided to work with Texas Royalty Brokers after reading several of their reviews. It was a good decision. They were prompt in their communication and straightforward in their assessments and follow through. I am quite pleased with the outcome and recommend them highly.
San Augustine, TX
I am so grateful for the guidance during the process of selling my mineral rights. This was a huge decision! Eric and his team are top notch professionals, answering any and all concerns/questions along the way. I would definitely recommend Texas Royalty Brokers!
Anderson, TX
I went into the listing and sale of mineral rights knowing nothing! TRB made the process easy. They explained every step of the process with frequent updates and were patient and prompt in answering any questions. I could not have navigated this process without them. I am truly grateful for their help and highly recommend TRB for anyone looking to sell their mineral rights.
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Listing Title
San Augustine County Texas - Mineral Rights For Sale
Listing ID
401190
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: $242,500
- State : Texas
- County : san-augustine
- Legal Location : A-193
- Net Acres : 74.15
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $662/Month
Comments:
Update 6/28/24:
Sold
___________________
Update 4/29/24:
Under contract
___________________
Update 4/25/24:
Accepting best and final bids through end of the day Monday 4/29
___________________
Here is a great opportunity to purchase property in San Augustine County. This owner is selling 50% of his ownership in the Butler Rooney and Butler Rooney Sooners Allocation Units. We believe 50% of his ownership is 74.15 NRA.
These units present excellent upside to a buyer in that there are only 2 wells drilled on this 666 spacing.
The owner also receives an average monthly royalty income of $662/Month for 50% of this ownership.
We believe there is some overlap in the two units, and are therefore only counting the Butler Rooney acreage in our calculations in the attached ownership estimate.
The owner previously had a lien on this property, but this has since been released and we have provided all documents on this lien in the files.
Please note, the owner has additional property in the nearby Vandals unit, so in purchasing this property, the deed will need to be specific to the Butler Rooney and Butler Rooney Sooners Allocation Units.
All bids should be based upon the attached estimated NRA. If less NRA is proven in title, only the NRA proven in title would convey. Any adjustment over 10%, on a tract by tract basis, must be mutually agreeable.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Tuesday, April 23rd.
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 4/23/2024