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Client Reviews
San Augustine, TX
I am so grateful for the guidance during the process of selling my mineral rights. This was a huge decision! Eric and his team are top notch professionals, answering any and all concerns/questions along the way. I would definitely recommend Texas Royalty Brokers!
Anderson, TX
I went into the listing and sale of mineral rights knowing nothing! TRB made the process easy. They explained every step of the process with frequent updates and were patient and prompt in answering any questions. I could not have navigated this process without them. I am truly grateful for their help and highly recommend TRB for anyone looking to sell their mineral rights.
Harrison, TX
I dealt with Emily and she did a wonderful job. She did research for me into the value of mineral rights and gave me the option to sell through them or to wait. I choose to hold on to my mineral rights for the time being but had a great experience working with her. I would definitely recommend to anyone needing help with their oil and gas mineral rights to give her a call.
Anderson, TX
They have great communication throughout the whole process. They are thorough in answering questions and are quick to respond. I am very satisfied with the service I received and will use them again.
Loving, TX
My sister and I had inherited some mineral rights from our mother’s estate, and we didn’t know where to begin. Emily and Eric both answered every question, gave us all the guidance we needed and we walked away with an offer/sale that was well above any that had been offered before. I would highly recommend Texas Royalty Brokers!
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Listing Title
Webb County Texas Minerals for Sale
Listing ID
401147
Listing Status
sold
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - complete
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 Tuesday, February 14th.
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: $900,000
- State : Texas
- County : webb
- Legal Location : A-65
- Net Acres : 136.0
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $19,012/Month
Comments:
Update: 2/23/2023
SOLD
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Update 2/10/2023
Please be aware that it is possible the Gates 09 Rose and Gates 09 A BVP are overlapping, and therefore the NRA is lower than we initially estimated.
As a reminder, all bids must be based on cash flow only. No adjustments will be allowed for any reason unless mutually agreeable. You will get 25% of the NDI listed on the check stubs.
____________________________
The owner of these mineral rights is selling 25% of the total ownership. The owner has requested that we redact their name from check stubs to protect their privacy. We have included a full check stub for December 2022 with redaction. If you would like to see the full November and January check stubs, please inquire and request those and they can be provided upon request.
This is an exceptional opportunity to buy diversified cash flow spread out over approximately 200 wells. Nearly every single well is 5+ years old, but not older than 12 years old. This means you are getting wells past their initial decline, but that still have decades of production remaining. Due to the large number of wells, this investment will be extremely diversified with very little risk to the buyer outside of gas prices.
The owner is aware that gas prices have dropped relative to the check stubs provided. They are selling 25% of their ownership, which would represent just over $19,000/month based on the 3 most recent months. Due to the drop in gas prices, they are only asking for a 4 year multiple based upon the most recent check stubs.
We see ownership in 3 different units, with a total of 544.25 NRA, or 136 NRA being sold with a 25% sale. We have included a wells table that lists some of the wells. We estimate approximately 200 wells producing. The wells table has wells included which ARE NOT part of the sale. The check stubs should be referenced to determine what is for sale.
This sale should be based on cash flow. We ARE NOT representing any certain number of net royalty acres of ownership.
No adjustments will be allowed unless mutually agreeable. The owner would receive 25% of the NDI listed on the check stubs.
The sell would like to star the bidding at $900,000 for 25% of the ownership listed on the check stubs.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Tuesday, February 14th.
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 2/14/2023