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Client Reviews

Karnes, TX

Rated 5 out of 5
November 1, 2022

After several months of researching the process of selling mineral rights, as well as researching several land/mineral brokers, I filled out the contact form for Texas Royalty Brokers. I received a reply from Eric Winegar almost immediately. From the start, Eric was easy to work with and I always felt that he was truly working with my best in mind. Throughout our numerous emails and phone calls, he was always courteous and professional and answered every question I asked. Some more than once! I was provided with all the drilling maps and financial information he used to determine the listing price and future drilling potential.

Once I accepted an offer, he handled all of the paperwork and walked me through every part of the process. And, when we ran into a snag (which he had prepared me to expect) and I started to question my decision to sell, he was so respectful of my indecision and provided me with all the information I needed to reassure myself that I was making the right decision. I can’t thank him enough. I wouldn’t hesitate to recommend Texas Royalty Brokers to anyone interested in selling their mineral interests.

Jann R.

Howard, TX

Rated 5 out of 5
September 19, 2022

16 years after inheriting Howard County mineral rights, and recently receiving increasing unsolicited purchase offers, we made the decision to sell. After thoroughly researching brokerage firms we decided to contact Texas Royalty Brokers which was a highly beneficial move. Eric could not have been easier to work with and we felt a strong fiduciary relationship throughout the entire process. Numerous phone calls and discussions were handled in a prompt, professional manner with precise explanations and valuable information offered, all delivered in a stress free environment. We feel that Eric went above and beyond our expectations and was a significant factor in our successful sell. We highly recommend Texas Royalty Brokers and Eric Winegar and would not hesitate to work with them in any future endeavors.

Traci D.

Shelby, TX

Rated 5 out of 5
August 1, 2022

By listing our mineral interests with Texas Royalty Brokers, my husband and I received an offer more than 50% higher than the best offer we received in the mail. And, the expert guidance we received from Eric Winegar through the entire process was just as important.

Eric established value, listed the property, discussed options, vetted and coordinated paperwork, always provided thoughtful and knowledgeable guidance, clearly answered our many questions, and looked after our interests, keeping us informed every step along the way. We are so glad that we listed our property with Texas Royalty Brokers.

Linda, N.

La Salle, TX

Rated 5 out of 5
June 24, 2022

Our family was on the fence about selling mineral rights until we got a really high offer in the mail. We reached out to see if the offer was a fair one. Within just minutes the company responded and walked us through the value of the mineral rights. We decided to list the mineral rights to see if there was a better offer. Sure enough, we got a bid that was even higher. I can’t thank Eric and the team at Texas Royalty enough for helping our family with the sale of these mineral rights. We are truly thankful.

Amy R.

Harrison, TX

Rated 5 out of 5
June 18, 2022

We got an offer from [redacted] in the mail. I knew this offer was a low ball offer, but we hadn’t really thought about selling until the offer came in. My wife and I didn’t want to be greedy, but we also wanted to sell for the best price we could find. I reached out to a few other buyers and then decided to list this at Texas Royalty Brokers. It was the best decision we could have made. We ended up walking away with substantially more money.

Arnold P.W.

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Listing Title

Buy Mineral Rights in Shelby Texas

Listing ID

401128

Listing Status

sold

Accepting Offers on 6/13/2022
  • 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.

Download

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:

Shelby County Property Tax

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.

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