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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.
Harrison, TX
Eric and Emily are very good at taking care of clients. I found them after researching companies to help me with selling. The reviews I found convinced me to give them an opportunity and I am thankful.
Emily was true to her word from the beginning to the completion. I am so pleased with her that if I choose to sell other property, I will definitely contact her and trust her judgement in my accounts.
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
Washington County Texas Mineral Rights for Sale
Listing ID
401158
Listing Status
not available
- 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:
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.
Accepting Offers on 6/13/2023