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Lea, NM
Emily and Eric really did a good job guiding us through the process to sell our mineral rights.
They found a buyer quickly, and even though our records were old and scattered, taking longer than usual to document things, they patiently worked with us to complete the sale. They are the best. Ken Flake.
Robertson, TX
Texas Royalty Brokers helped me and my family navigate some tricky inherited minerals. I had great peace of mind using them versus dealing directly with a buyer. Very satisfied experience.
Houston, TX
Texas Royalty Brokers was very helpful to me in evaluating the mineral rights owned by the estate of an old man for whom I am the executor, even though they probably knew very quickly I would not end up as a client.
Stephens, TX
I had the pleasure of working with Texas Royalty Brokers LLC this past month. From the beginning to the very end and everything in between, they were very communicative, responsive and helpful. They explained every part of the process and helped when I needed something. They made the whole process simple and easy. By using Texas Royalty Brokers LLC, I was able to get 2 times the amount I was offered by others or on my own.
Harrison, TX
Eric and Emily are very good at taking care of clients. I found them after researching companies to help me with selling. The reviews I found convinced me to give them an opportunity and I am thankful.
Emily was true to her word from the beginning to the completion. I am so pleased with her that if I choose to sell other property, I will definitely contact her and trust her judgement in my accounts.
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Listing Title
San Augustine County Texas Mineral Rights for Sale
Listing ID
401218
Listing Status
sold
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - in progress
- Client Review - tbd
- Best and Final - tbd
- Under Contract - tbd
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: $87,500
- State : Texas
- County : san-augustine
- Legal Location : A-227, A-551, A-337
- Net Acres : 24.33
- Active Lease : Yes
- Royalty Rate : 20%
- Producing : yes
- Average Income : $10/Month
Comments:
Update: 12/28/2024
SOLD
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Update: 11/27/2024
Under Contract
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This is an opportunity to buy acreage in San Augustine county with excellent upside potential. There is a single horizontal well drilled on a 684 acre unit leaving a lot of upside when future drilling occurs. With gas prices continuing to move higher, this is a great long term investment for the buy and hold oil and gas investor. There is activity in all directions surrounding this acreage. It’s only a matter of time before more drilling occurs here.
The owners are currently being paid by two operators. Both Exco and TGNR send royalty payment for this ownership. We took the combined ownership from each operator to get a combined .002223 NDI as seen on the ownership estimate and in the tax appraisal. There are two brother who own this acreage, with each brother having 12.17 NRA for a combined 24.33 NRA. The income being generated is spotty and not material, so we are estimating it at $10/month. We are showing a 20% lease royalty rate, however, this is unconfirmed and all bids should be based upon the net royalty acres owned.
Important Notes:
-Please note that this sale only includes the Park SU unit and does not include the Park West unit, which borders this unit and overlaps the same abstracts. The PSA and deed need to be very specific and clear that the ownership being conveyed is the Park SU unit only (including all right title and interest to that unit), but excludes the Park West unit. You may of course submit a bid for the Park West acreage, but the sellers intent is to only sell the Park SU.
-The sellers have additional acreage in San Augustine that does not convey with the sale. This sale is limited to a single unit.
-The seller may inherit additional acreage within this same unit in the future. As such, language must be included in the deed which restricts this sale to only the ownership owned as of today and does not include any future inheritance the sellers may get in this unit.
-With the above in mind, we are requiring that both the PSA and Deed as an Exhibit to the PSA be provided at the same time. IE the sellers will agree to the deed language up front at the same time as the PSA.
For this listing, we are requiring the following:
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- Special Warranty Deed – Provided as an Exhibit A to the PSA which is restricted to just this unit and does not include any future inheritance.
- 30 Day Close
- Any adjustments to purchase price greater than 10% must be mutually agreeable.
- Our closing process included in the PSA, which is: At closing, buyer will provide the final mineral deed. The seller will execute the mineral deed and return it to Texas Royalty Brokers. Texas Royalty Brokers will provide buyer with a scanned copy of the deed, and buyer will then wire funds to seller and Texas Royalty Brokers respectively. Once funds are confirmed, Texas Royalty Brokers will overnight the deed to the Buyer.
- Buyer must close within 14 days or sign our qualified buyer agreement.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Thursday, November 21st.
All buyers are required to either do a 14 day close or sign our qualified buyer agreement once a deal has been verbally agreed upon. In certain situations, we may require a $5,000 to $10,000 earnest deposit at the sole discretion of Texas Royalty Brokers.
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 11/21/2024