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Stephens, TX
I had the pleasure of working with Texas Royalty Brokers LLC this past month. From the beginning to the very end and everything in between, they were very communicative, responsive and helpful. They explained every part of the process and helped when I needed something. They made the whole process simple and easy. By using Texas Royalty Brokers LLC, I was able to get 2 times the amount I was offered by others or on my own.
Harrison, TX
Eric and Emily are very good at taking care of clients. I found them after researching companies to help me with selling. The reviews I found convinced me to give them an opportunity and I am thankful.
Emily was true to her word from the beginning to the completion. I am so pleased with her that if I choose to sell other property, I will definitely contact her and trust her judgement in my accounts.
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.
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Listing Title
Wise County Texas Mineral Rights for Sale
Listing ID
401159
Listing Status
not available
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - tbd
Please take a moment to learn more about each listing phase.
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: $750,000
- State : Texas
- County : wise
- Legal Location : Various, please see attached files and maps.
- Net Acres : 137.90
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $7,464/Month
Comments:
Update 5/14/2024
This listing no longer available.
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Update: 5/9/2024
The last couple months of royalty income were March coming in at $7,804 and April coming in at $6,856/month. The most recent 3 month average is now $7,464.
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Update: 3/5/2024
The most recent royalty check was $7,773. The 6 month average now sits at $8,950/month. The public files at the link in the description are updated with the most current documentation.
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Update: 2/6/2024
The most recent royalty statement came in at $8,490.
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Update: 1/8/2023
The most recent royalty statement came in at $8,884.
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Update: 12/14/2023
The most recent royalty statement shows $9,678. Our average is now at $8,556/month. The latest statements have been hovering around $9,500/month.
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Update: 11/2/2023
The most recent royalty statement shows $9,470. Our average is now sitting at $8,512/month with latest statements nearly $1K/month higher.
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Update: 10/5/2023
The most recent royalty statement shows $9,491 of income. This brings the 5 month average income to $8,326/month.
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Update: 9/18/2023
The seller has reduced the asking price to $750,000.
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Update: 9/12/2023
The latest check stub has been attached to the listing. We’re at $8,035/month average currently based on just the last 4 months of most current income.
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Update: 8/2/2023
The latest check stub has been attached to the listing. We’re at $9,119/month average currently.
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Update: 7/24/2023
Price Reduction: This listing has been updated from $1,425,000 to $1,050,000, or a 25% price reduction.
We have updated the files to include the June 2023 check stub of $8,401. In addition, we updated the average royalty income to reflect $9,638/month. This is based on the last 3 months of production and we feel this number is a more accurate reflection of the current income vs the trailing 12 month which included high checks from 2022. Note that in 2022, this interest was averaging over $15K/month before two new wells came online.
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This is an exceptional opportunity to buy some PDP acreage in Wise County Texas.
This ownership includes multiple units providing, including old vertical wells, horizontals just past flush production, and 2 brand new horizontal wells.
If you are bullish long term on gas prices, this is an opportunity to buy some very nice gas production in Wise County operated by BKV. In the attached revenue summary, we are showing $17,127/month on average over the last 12 months.
It appears that all of the horizontal wells are either allocation wells or PSA wells. Looking at the old vertical wells, we would estimate they have around 138 net royalty acres. We are not representing any specific number of net royalty acres for this listing, just providing our estimated number of acres based on the old vertical wells.
As this is a fully PDP deal, all offers should be based upon cash flow alone. There will be no adjustments based on title unless mutually agreeable.
The seller would like to start negotiations at $1,425,000.
Note: The seller may own land in this area. This sale is for mineral rights only, no land shall convey.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Thursday, July 6th.
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 7/6/2023