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Client Reviews

Gonzales, TX

June 7, 2024

Working with Texas Royalty Brokers was seamless. They are helpful, communicative, transparent, and efficient. I did a sale on my own and one with Texas Royalty Brokers and would recommend doing the process with them!

Crystal C.

McMullen, TX

June 3, 2024

Texas Royalty Brokers is an outstanding firm that went above and beyond my expectations.

Eric and Emily were able to negotiate the value of my minerals more than I expected to receive, as well as, expedite the process with ease.

I am thankful for all their hard work.

If you’re considering selling minerals in Texas, do yourself a favor and contact them.

Matthew P.

San Augustine, TX

May 31, 2024

I cannot say enough positive things about my experience with Texas Royalty Brokers! Eric was always responsive to my many questions and guided me expertly through what was a foreign process to me. I highly recommend Texas Royalty Brokers to anyone who is interested in selling mineral/royalty rights.

Jan P.

Hemphill, TX

May 29, 2024

Eric and Emily were awesome! Very professional, informative and kept me informed and up to date on proceedings. Had a great experience!

Diane M.

Reeves, TX

May 1, 2024

Texas royalty brokers did a fabulous job getting my property sold efficiently professionally and quickly. Eric and Emily were prompt with returning calls and emails and made the entire transaction seamless! I would certainly use them again.

Lindsay F.

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Listing Notifications

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Listing Title

Washington County Texas Mineral Rights for Sale

Listing ID

401158

Listing Status

not available

Accepting Offers on 6/13/2023
  • Listing Posted - complete
  • Listing Evaluation - complete
  • Accepting Offers - complete
  • 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: $112,500

  • State : Texas
  • County : washington
  • Legal Location : Various, please see attached files and maps.
  • Net Acres : 23.71
  • Active Lease : Yes
  • Royalty Rate : 12.5%
  • Producing : yes
  • Average Income : N/A
Comments:

Update:  6/29/2023 – No longer available for sale.

_______________________________

The owner has mineral rights located in two units within Washington County.   These wells are operated by Magnolia who is currently drilling in surrounding areas.  Both units have active permits surrounding the properties.

Currently the production from this well and the Bradley unit is very low with minimal income.   The owner receives checks every few months.

The bulk of this ownership is in the Sara Beth 1 RE well, where they have a total of 22.85 net royalty acres.  We are unsure about the lease rate so we are showing 12.5%.

For the Bradley unit, the seller has just .86 net royalty acres.  However, this will likely be drilled on soon.

Please see the attached “Magnolia Letter and Co-Op Agreement”.  This letter is addressed to the client’s mother (Shelly Epstein) who has a larger interest than our client.  This letter appears to show intent my Magnolia to create a very large unit combining multiple units.   They indicate directly that the plan is to drill 8 new wells in the Austin Chalk.   Given the low production on the Bradley, it would make sense that this would be drilled soon.

The owner currently has an offer on the table from Magnolia for all of these mineral rights, including the Sara Beth, which shows further evidence that there are likely positive things happening on this acreage in the near future.

The seller, Seth Brand, also has 2 sisters with an identical interest.   If the price is right, they may also consider selling as well so this deal could triple in size.  The mother may also consider selling, but it is less likely.

The seller would like to start the bidding at $112,500 for the 23.71 net royalty acres.

To view/download the listing files, please visit the link below:

Download Files

We will begin accepting offers on Tuesday, June 13th.

All buyers are required to either do a 14 day close, make a $5,000 deposit, or sign our qualified buyer agreement once a deal has been verbally agreed upon.

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.

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