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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.
Winkler, TX
I had an excellent experience with Eric Winegar and Texas Royalty. I found him to be very knowledgeable about big and small aspects of the industry and of my particular situation. He also was very timely in communications. I highly recommend them based on my experience.
Pecos, TX
I had a very good experience working with Eric and his team. Eric was very professional and due to his knowledge added a lot of insight into helping me sell my mineral interests. I was kept well informed on a weekly basis and once there was a buyer, Eric continued to help me understand the process. From the start to the finish, during the entire process I wasn’t ever disappointed. Eric has a great deal of experience and knowledge of mineral values and he also has many connections in the industry. If you are interested in selling minerals you own, I highly recommend you contact Eric and the good folks at Texas Royalty Brokers.
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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 : yes
- 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