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Client Reviews
Howard, TX
Recently, I inherited some mineral rights and soon began receiving offers in the mail. Being new to the whole process, I was quite unsure about the best steps forward. After conducting some research, I decided to list the rights with Texas Royalty Brokers, and it was the best decision I made! The team provided me with comprehensive knowledge about the market, ensuring I had all the data in front of me to make an informed decision. Not only were they professional and thorough, but also transparent in all our dealings. The result? The offers I got through Texas Royalty Brokers were substantially higher than any of those I received in the mail. For anyone navigating the complex world of mineral rights, I can’t recommend Texas Royalty Brokers enough. Their expertise and commitment to clients are unmatched. The outcome speaks for itself. Thank you, Texas Royalty Brokers, for making this experience smooth and profitable!
Reeves, TX
Texas Royalty Brokers truly understood the value of my minerals and worked tirelessly to secure a deal that left me pleasantly surprised. They kept me informed throughout the process, with no confusing jargon or hidden agendas. Just honest and straightforward communication.
Reagan, TX
Eric and his company did a fantastic job throughout my entire selling process. They are very knowledgeable, gracious, and efficient. Eric personally went above and beyond in communication to me and my family and I would recommend him and his company to anyone. I’m incredibly satisfied.
Dimmit, TX
Worth every penny! I can’t say enough about what a pleasant experience this was, thanks to Eric Winegar. Being completely unfamiliar with how to go about selling our family’s mineral interests, I had no idea where to begin. Then I received a brochure in the mail from Texas Royalty Brokers. It answered many of my questions (as well as some I didn’t know I should have), so I checked out their website. I found a wealth of information there as well, so I filled out their online inquiry form. I quickly heard from Eric, provided a few royalty check stubs, and from there he literally took care of everything else.
Eric explained every step of the process along the way and answered all my rookie questions with the utmost professionalism. His experience and expertise in this industry is invaluable and I could not have imagined an easier process.
Panola, TX
Eric Winegar was incredible. He took time to pull together data and explained in great detail the specifics of our mineral interests. We had an offer that could have potentially been a horrible mistake and Eric saved the day! We are so grateful for the time he took to put everything together and explain it to where we could understand it. He is so knowledgeable!
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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 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