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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.
Winkler, TX
I had an excellent experience with Eric Winegar and Texas Royalty. I found him to be very knowledgeable about big and small aspects of the industry and of my particular situation. He also was very timely in communications. I highly recommend them based on my experience.
Pecos, TX
I had a very good experience working with Eric and his team. Eric was very professional and due to his knowledge added a lot of insight into helping me sell my mineral interests. I was kept well informed on a weekly basis and once there was a buyer, Eric continued to help me understand the process. From the start to the finish, during the entire process I wasn’t ever disappointed. Eric has a great deal of experience and knowledge of mineral values and he also has many connections in the industry. If you are interested in selling minerals you own, I highly recommend you contact Eric and the good folks at Texas Royalty Brokers.
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Listing Title
Purchase Mineral Rights in Karnes Texas
Listing ID
401137
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 Wednesday, August 31st.
Listing Maps
Listing Files
To view the available files for this listing, please download the zip file using the button below.
Listing Details
Starting Bid: $60,000
- State : Texas
- County : karnes
- Legal Location : Multiple - Please see attached plat maps.
- Net Acres : 5.88
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $12,743/Month
Comments:
Update: 10/26/2022
Sold
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Update: 9/16/2022
In the download files link below (not the attachment), we have added the September check stub for Murphy. This latest check was for $12,743. We updated the “average income” to reflect her latest check. We spoke with the seller today and they are still firm at $60,000. They are willing to let a buyer keep the October check forward if they get an offer before the October check comes in. Otherwise they plan to hold onto the mineral rights and continue to collect royalty income.
___________________
The owner of these mineral rights is receiving royalty income from a large number of wells that just came online. This ownership is spread out over multiple units and multiple operators in Karnes County Texas. We believe this acreage is effectively 100% drilled up and all wells are now producing with the exception of a single DUC.
In May 2022, the income was a combined $750/month. In June as the wells started coming online, that income jumped to $3,100/month. In July Murphy alone produced $23,000 and in August $15,937. We are representing an “average income” of just $15,937/month since this was their last check amount but it is flush production.
The owner would like to sell 100% of her ownership in the production coming from Murphy, Tidal, and Marathon.
The owner does not want to continue to collect royalty income for tax purposes. She has collected the August check stub from Murphy, but all future check dates September and forward would go to the buyer.
We believe the seller has approximately 5.9 net royalty acres. However, this is effectively a cash flow deal. All bids should be on the basis of the net decimal interests listed on the check stubs. No adjustments will be allowed unless the operator has been paying incorrectly.
Note: The seller has cousins who have a remainderman interest. The cousins all agree that they will forgo their right and are willing to sign away the ownership. We have attached a deed for a sale that happened in the past where all of the cousins signed for this to occur already. She has verbally confirmed again that they have no problem doing this so this will remove any remainderman title issues that could come up. In the past she sold the “Bellah unit” which was right in between the Bellah Patton and Drees.
You can download the available listing files here.
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.
