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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.
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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.
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Listing Title
Buy Mineral Rights in Shelby Texas
Listing ID
401128
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.
These mineral rights will be in the evaluation phase until Monday, June 13th. No bids will be considered until we are accepting offers on June 13th.
Listing Maps
Listing Files
To view the available files for this listing, please download the zip file using the button below.
Listing Details
Starting Bid: $354,985
- State : Texas
- County : shelby
- Legal Location : Various, please see the attached wells table and associated maps.
- Net Acres : 65.70
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $605/month
Comments:
This is an opportunity to pick up some nice production held under XTO with a rig on location and DUC well.
The sellers are receiving approximately $600/month from royalty income. We have attached the latest check stubs in the documents available for download at the link above. While there is some nice consistent royalty income, the upside is in the new Owls-Sun Devils well that is currently in DUC status. We believe this well is sitting right over their largest tract of ownership.
They have not received a division order yet for the Owls-Sun Devils well. There is another well in DUC status next to this well, the Red Raiders 2H. We believe this well has been drilled in the unit adjacent to their production and they will not get any royalty income from the Red Raiders.
There is also royalty income being received from the Mustangs unit (overlaps Owls), Vastar Unit / Hawkeys Units (overlapping each other).
The sellers are interested in selling 100% of their ownership.
All bids on this acreage should be based on the ownership estimate provided in the attached documents. The estimated ownership is as follows:
48.58 NRA – Owl Unit
10.92 NRA – Mustang Unit
6.20 NRA – Hawkeyes Unit
Please note that all bids must be on a per NRA basis on a per unit basis. No blended rate offers that combine all units together for a single price per net royalty acre will be accepted.
The starting bid is as follows:
Owl Unit – $6,250/NRA = $303,625
Mustang Unit – $3,000/NRA = $32,760
Hawkeyes Unit – $3,000/NRA = $18,600
Total: $354,985
All bids should have a break down of price per net royalty acre by unit.
Your PSA may allowing for adjusting the final payment at closing on the basis of how many NRA are proven through title.
Note: We believe there may be overlap between the Mustang Unit and the Owl unit. There are 10.92 acres in the Mustang unit. If the Mustang acreage overlaps the Owl unit, we may be double counting 10.92, meaning the total NRA owned is 54.78 acres.
Title will need to be run to prove out the net royalty acre ownership. A title report must be provided prior to closing to prove out the ownership.
Important: The seller has additional surface ownership, and possibly non-productive mineral rights ownership, in near or on these mineral rights in Shelby County. The mineral deed must be for mineral rights only and must be specific to the NRA’s being sold that are represented on the check stubs. No surface ownership or any other mineral rights are for sale outside of those listed on the check stubs should be conveyed.
We do not show any property taxes due, you can search here:
These mineral rights will be in the evaluation phase until Monday, June 13th. No bids will be considered until we are accepting offers on June 13th.
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.
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 6/13/2022