Past Auction

Texas Farm and Ranch

This auction was on Nov 14 Malakoff, TX 11,831± Deeded Acres

Executive Summary

Split into a northern and southern portion, NRG’s total holdings consist of approximately 9,938 acres located between Highways 31 and 287 and bordered by the Trinity River to the west. The northern edge of the property sits about 75 miles
southeast of Dallas, Texas, just south of the town of Malakoff. Owned by an NRG subsidiary, Texas Genco Services, LP, the site was originally purchased by Houston Lighting & Power (HL&P) for construction of a coal mine and power plant, though
the project was never built. Through several acquisitions HL&P was eventually acquired by Texas Genco.

NRG has no current or future development plans for the site and has sold several portions of the property in recent years. The majority of the property is leased for cattle grazing and agricultural purposes. While some plugged oil wells do exist on
site, previous owners made extensive mineral reservations leaving only small fractional ownership of oil and gas rights with Texas Genco. Additionally, North American Coal Company retained all coal and lignite rights prior to Texas Genco ownership. Documented by NRG, brine leaks from a pipeline operator do exist on a portion of the property.

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Acreage (Deeded & Leased)

Deeded Acres: 11,831±

Total Acres: 11,831±

* All acreages are approximations.

Additional Information

Broker Participation

Broker participation is available. Contact our office for participation guidelines.

Terms

Summary of Terms:

  • A 6% buyer's premium will be added to the final bid price(s) to determine the total contract price(s).
  • A 10% earnest money deposit of the total contract price will be due immediately from all successful bidders.
  • The property is being sold "AS IS, WHERE IS" and without any contingencies including financing.
  • Closing will be set 45 days from the auction date or as soon thereafter as closing documents are available

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