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Client Reviews

Leon, TX

Rated 5.0 out of 5
April 12, 2024

Texas Royalty Brokers did a fantastic job marketing and selling my mineral rights. Eric and Emily were extremely helpful and patient in answering all my questions and guiding me through the process. They basically did all the paperwork. I would definitely use them again!

Dan T.

Andrews, TX

Rated 5.0 out of 5
March 27, 2024

Eric and his staff at Texas Royalty Brokers were amazingly helpful! Between finding the value of my minerals, finding buyers, and handling the contracts. I couldn’t imagine dealing with the processes without them.

Thank you so much Eric!!!

Rob O.

Mitchell, TX

Rated 5.0 out of 5
March 25, 2024

Texas Royalty Brokers was great to work with! The offer exceeded my expectations! Eric and Emily were very clear and organized with the process and made it easy. I would definitely use them again!

Tuey R.

Karnes, TX

Rated 5.0 out of 5
March 18, 2024

My experience with Tx Royalty Brokers was excellent. They basically did all the work as promoting and marketing my asset. I ended up getting what I wanted – my net payout was a multiple of over 66 months of my present monthly royalty payments.

I would highly recommended Eric and Emily to anyone who is interesting in marketing their mineral or royalty interests.

Mark P.

Borden & Dawson, TX

Rated 5.0 out of 5
December 2, 2023

I am convinced working with Texas Royalty Brokers resulted in maximizing the amount I sold my mineral interests for. They were engaged and responsive throughout the sale process, willing to discuss any concerns or requests, and also provided sound advice based on their past experience. If I ever consider selling additional minerals in the future, Texas Royalty Brokers will be my first choice to market them.

Bill L.

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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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