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Client Reviews
Martin, TX
Working with Eric to help our family sell our oil rights was such a great experience and definitely the right decision for our family. From our first consultation over the phone, Eric laid out a road map of the process that was accurate, but also gave us the ability to make our own decisions along the way.
After negotiating with many potential buyers on our own, we were not able to get the price we were looking for to sell. However, once we hired Eric and his team to market our rights to all potential buyers in the market, we were able to sell at a much higher price and increase our take home net by over $100,000. I would definitely recommend Eric and Texas Royalty Brokers if you are concerned about under selling the value of your oil rights. His processes were clear, his service was outstanding, and his value to the transaction was worth his commissions!
Thank you for guiding us through the process Eric. We greatly appreciate you and your hard work!
Webb, TX
Amazing experience! Eric is a pro! We got a full price offer and closed within 2 weeks of listing. I will only work with Eric Winegar and Texas Royalty Brokers in the future.
Howard, TX
The team at Texas Royalty Brokers were so easy to work with. They made what sounds like a very confusing process, clear and straightforward. They were incredibly responsive and kind people to work with. I definitely recommend their services!
Tarrant, TX
A great and straightforward experience. They answered all questions and made the process quick and easy. I highly recommend their services.
Howard, TX
I engaged Texas Royalty Brokers to market my mineral interest after I received an unsolicited offer. They got me almost 2x the original offer, and they were professional and transparent through the entire process. Definitely plan to use them again.
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Listing Notifications
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Listing Title
Webb County Texas Minerals for Sale
Listing ID
401145
Listing Status
not available
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - tbd
- Client Review - tbd
- Best and Final - tbd
- Under Contract - tbd
Please take a moment to learn more about each listing phase.
We are currently in the listing evaluation phase for these mineral rights. We will begin accepting offers on Thursday, February 9th.
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: $510,950
- State : Texas
- County : webb
- Legal Location : A-41, situated in Porcion 9
- Net Acres : 92.9
- Active Lease : Yes
- Royalty Rate : 25%
- Producing : no
- Average Income : N/A
Comments:
Update: 2/10/2023
The sellers have elected to take their existing offer. We have deactivated the listing.
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Update: 2/3/2023
We have included a couple maps that show the potential location of this ownership a little bit further South, assuming the RRC and Eneverus are showing the wrong data. It is up to each buyer to independently verify the location of the ownership as we can’t confirm which is correct.
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Update: 2/2/2023
It has been brought to our attention that both DrillingInfo/Enverus & the RRC have A-41 incorrectly displayed. You may find better information on the Texas GLO website as it is correct there. The actual location is south of the Las Islitas-Lewis wells, and the acreage goes from the river just past the Habanero wells. We are working to verify this information and will update the listing accordingly with new maps once this information has been confirmed.
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These mineral rights are located in Webb County Texas and were leased in January 2022. There are three family members who each leased 30.96 NMA spread over 5 different tracts. We have attached the lease agreement, recorded memo for lease, the deed conveying the ownership to each family member out of trust, and the original deed referenced with tract descriptions. Note: There were 5 total family members on the original lease. There are 2 which do not wish to sell at this time, please do not contact them. They will be kept in the loop on any offers we receive.
The lease is a 5 year term with no option to extend, so approximately 4 years remaining on the lease agreement. These mineral rights are leased at a 25% royalty rate. If drilling occurs during the term of the lease, the buyer would have 185.8 net royalty acres in production.
On the order for payment document, this was provided by the company who leased the mineral rights. Please note that on the final page, it shows 30.96 NMA per owner. That is the combined total for all 5 tracts on a per owner basis.
There is already drilling all across this abstract, with active permits and rigs in the area. This is a great opportunity to buy a nice size acreage position with activity and a large amount of horizontal wells drilled all around it.
The owners would like to start the bidding at $5,500/Net Mineral Acre, or $510,950 total for the 92.9 available for sale.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Thursday, February 9th.
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 2/9/2023