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Client Reviews

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.

Ward, TX

Rated 5 out of 5
May 6, 2022

The price I received after listing at Texas Royalty Brokers was shocking. I had multiple offers to sell, but I was not sure who to trust. I decided to list and let them walk me through the process. Our family was less concerned about the price and more concerned about not being taken advantage of. We ended up selling for over $600,000 more than the offers we were receiving. On top of that, they walk us through the sales process making sure we understood everything each step of the way. These guys are the real deal and our family is very grateful we found this company.

Sam L.

Winkler, Texas

Rated 5 out of 5
March 24, 2022

My family is extremely grateful that we found Texas Royalty Brokers. After receiving multiple offers to sell, we were ready to accept an offer and then found this company online. We decided to list and see if there were any better offers out there. We ended up selling over 40% higher. Had we simply taken the offer in hand, we would have left so much on the table. I highly recommend this company. They made the process simple and we walked away with more money.

Bethany A.

Glasscock, Texas

Rated 5 out of 5
February 4, 2022

We were trying to sell our mineral rights and getting overwhelmed with offers. We decided to list at Texas Royalty Brokers and let the buyers get into a bidding war. That’s exactly what happened! We ended up selling way higher than the offers we were seeing. Very happy we got a good price here.

Perry S.

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Listing Title

Buy Mineral Rights in Shelby Texas

Listing ID

401128

Listing Status

pending

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.

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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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