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Client Reviews
Reeves, TX
I had the pleasure of doing business with Texas Royalty Brokers and I was very satisfied with the results! Emily was straightforward, quick to respond, and honest the whole way through. I highly recommend Emily, Eric and the team at Texas Royalty Brokers.
Karnes, TX
Emily and Eric were great! Very fast process! I had lots of questions and they were very responsive and gave lots of updates.
Upton, TX
Texas Royalty Brokers has to be one of the most efficient mineral brokers in the nation. Within a week of my listing I received a 30% increase against my highest offer trying to sell it on my own. A very concise, smooth experience from start to finish.
Montrail, ND
I had a issue with my mineral rights and Eric was the ONLY broker to give me a fast and straight-forward response that actually helped … and I reached out to quite a few. I will definitely work with Texas Royalty Brokers again and recommend them to anyone with mineral rights.
Crockett, TX
I worked with Emily, who was extremely knowledgeable about all aspects of the sale, from current and prospective activity on the property to evaluating the market. The sale was swift and went above the posted price. I was ambivalent about selling my mineral rights, but the experience was very good and reassured me I’d made the right choice.
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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