Sold

SOLD: 🛢️ 10.9 NMA in the Eagle Ford and Austin Chalk Trend of Texas 🛢️

4.5 Miles NE of Nixon, Texas
HBP @ 12.5% | Eagle Ford | Austin Chalk

Payment Options

Cash Price

*** SOLD ***
SOLD

Payment Note(s)

🛑 CASH ONLY! No payment options are available for this property.

How to Purchase: Please click the ☝️ orange “RESERVE NOW” button above to make your secure deposit payment via credit card or debit card.  Once you’ve completed checkout, we will both receive instant email notification of your deposit, and the deposit will be credited towards the cash price at closing. Properties are sold on a “first deposit, first sold” basis.

$199 Option Fee: All property deposits are subject to a NON-REFUNDABLE $199 Option Fee. Please see our Refund Policy for more information. Please DO NOT reserve the property unless you are willing to pay full asking price.

ContractAfter making your initial deposit, we will email you the purchase and sale agreement, which includes a special warranty deed. Contracts are manually prepared and reviewed and will be sent out Monday through Friday between 9 AM and 5 PM CST.

Closing and Final Payment: This interest will be sold with a 14-day closing (or less), and final payment must be made by wire transfer.

Description

This is a 10% mineral interest in a 218-acre tract in Gonzales County, TX, owned by Panola Holdings LLC.

218 acre unit x 0.00625 RI / 12.5% royalty = 10.9 NMA

This is for minerals rights only; NO SURFACE RIGHTS!

Vesting Deed at Volume 1280, Page 668 Doc# 18294212 (see images above).

This tract is HBP @ 12.5%, but the well has been a nominal producer for years and may be non-economic. We were last paid $51.13 on 03/22/2019 for a 148.95 barrel sale at $54.931/bbl (see images above).

Property Information

Parcel Size

10.9 Acres

State

Texas

County

Gonzales

Nearest Cities

Nixon, TX

Parcel #

n/a

Legal Description

A-465, JA Winn Survey

Features

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Acres

10.9

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County

Gonzales

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Coordinates

29.3265, -97.7387

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Elevation

390 FT

Purchase Information/Fees

$299

Document Fee

At closing, Buyer will pay a $299 document preparation fee, which includes postage and recording fees.

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