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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
Karnes County Texas - Mineral Rights For Sale
Listing ID
401197
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.
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: $93,500
- State : Texas
- County : karnes
- Legal Location : JJ Picket Survey, A-227
- Net Acres : 5.26
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $83/Month
Comments:
Update: 7/24/2024
Sold
_______________
Update: 7/17/2024
Sale Pending
_______________
Update: 7/15/2024
Best and Final offers due on Wednesday, July 17th by end of day.
_______________
This is a great property with immediate upside in Karnes County.
We believe our client owns 5.26 NRA in a very active area in Karnes County located in two units.
Spendlove Unit: We believe our client owns 3.31 NRA in this unit with 377 acre spacing. There is one existing horizontal well and 6 new DUCs on this unit, creating immediate return on investment for a buyer.
This owner has not yet signed division orders and all new income from the DUCs will go to the buyer.
Bench Lake Farms 2 Unit: We believe this owner has 1.95 NRA in this unit with 190 acre spacing. With this unit being right nextdoor to the Spendlove unit and with only 1 current horizontal well, this acreage presents excellent upside for a buyer.
Current royalty income from this ownership averages $83/Month.
All bids should be based upon the attached estimated NRA. If less NRA is proven in title, only the NRA proven in title would convey. Any adjustment over 10% must be mutually agreeable.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Wednesday July 10th.
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 7/10/2024