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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
San Juan County New Mexico Mineral Rights for Sale
Listing ID
401241
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: $275,000
- State : New Mexico
- County : san-juan
- Legal Location : Multiple lcoations
- Net Acres : 28.8
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $324/Month
Comments:
Update 7/11/25:
Sold
___________________
Update 6/6/25:
Pending under contract
___________________
This is a unique opportunity to purchase mineral rights in San Juan County, New Mexico.
Our client owns in multiple wells in the San Juan 32-8 Unit and the Rattlesnake Canyon Unit. We believe that our clients owns a total of 28.8 NRA in these units. This NRA was based off a previous offer to purchase that our client received and we were not able to confirm the NRA.
There are tracts listed on the check stubs, which could indicate a super unit, buyer would need to confirm and prove NRA owned in title. All bids should be placed based on 28.8 NRA.
There are over 200 wells in these units, with the majority being older vertical wells. Hilcorp has permitted 18 new San Juan 32-8 Federal wells in the San Juan unit, in which we believe our client will be in pay when they come online, due to his being pay in all surrounding existing wells and a previous offer indicating this as well.
There are also several permits, DUCs and rigs to the East of this unit, all operated by Hilcorp. Hilcorp has active rigs in the area and it appears very likely they will move onto these permits with the active rigs running just to the East.
The average royalty income from this ownership is $324/month on existing wells. Our client also looks to be in pay in the same unit by Logos Royalty and we have included stubs from both operators in the listing, so both operators would convey.
Notes:
***There is currently a class action lawsuit with Hilcorp and mineral owners and PSA must include that the seller is entitled to any royalties prior to the effective date related to the lawsuit.
***All bids should be placed based on the 28.8 NRA represented in this listing.
For this listing, we are requiring the following:
-
- Special Warranty Deed
- 30 Day Close
- Any adjustment to the purchase price greater than 10% must be mutually agreeable.
- Buyer to pay off past due taxes out of seller proceeds at closing
- Our closing process included in the PSA, which is: At closing, buyer will provide the 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 June 5th.
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 $25,000 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 6/5/2025