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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
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