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San Augustine, TX
I am so grateful for the guidance during the process of selling my mineral rights. This was a huge decision! Eric and his team are top notch professionals, answering any and all concerns/questions along the way. I would definitely recommend Texas Royalty Brokers!
Anderson, TX
I went into the listing and sale of mineral rights knowing nothing! TRB made the process easy. They explained every step of the process with frequent updates and were patient and prompt in answering any questions. I could not have navigated this process without them. I am truly grateful for their help and highly recommend TRB for anyone looking to sell their mineral rights.
Harrison, TX
I dealt with Emily and she did a wonderful job. She did research for me into the value of mineral rights and gave me the option to sell through them or to wait. I choose to hold on to my mineral rights for the time being but had a great experience working with her. I would definitely recommend to anyone needing help with their oil and gas mineral rights to give her a call.
Anderson, TX
They have great communication throughout the whole process. They are thorough in answering questions and are quick to respond. I am very satisfied with the service I received and will use them again.
Loving, TX
My sister and I had inherited some mineral rights from our mother’s estate, and we didn’t know where to begin. Emily and Eric both answered every question, gave us all the guidance we needed and we walked away with an offer/sale that was well above any that had been offered before. I would highly recommend Texas Royalty Brokers!
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Listing Title
Buy Mineral Rights in Karnes Texas
Listing ID
401136
Listing Status
not available
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - in progress
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: $385,000
- State : Texas
- County : karnes
- Legal Location : Multiple - Please see attached plat maps.
- Net Acres : 47.49
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $530/Month
Comments:
The seller owns an NPRI which has current oil and gas production with additional upside. The owner is selling 50% of their ownership. We estimate the NPRI is equal to 94.99 NRA (47.49 being sold).
The seller is currently receiving an average of $1,060/month ($530/month being sold at 50%) over the 7 months of production from 2022. There is currently just a single Concord North 1H well producing. However, there are at least two additional wells which are currently in DUC status.
Important: We believe DI may be showing incorrect data. We have attached the wells table which shows a number of wells that we believe may be incorrect. The 1H well is confirmed via the check stubs. The 2H and 3H wells are showing as “active” and producing for 28 months. The seller has confirmed they have never been paid for these wells. DI is showing the owner in the tax rolls for those wells, so we believe neither of these wells is actually producing or the owner would be getting paid. Oddly, DI is showing production data for each of these wells. If they are producing, they could be getting lumped under the 1H well in some way. The 8H and 9H wells are currently showing DUC stutus. The seller has been in contact with the operator and they confirmed that there are only 2 DUC’s out there right now. We believe the two actual DUCs are the 4H and 5H based on spud date and the seller confirmed that drilling took place around those spud dates. The seller is following up with his contact at the operator to get more clarity around the discrepancy between DI data, check stubs, and what the operator has told them.
The seller is interested in selling 50% of their ownership. However, for the right price they would sell 100% of the mineral rights for the right price.
All bids should be based on the NDI listed on the check stub. A sale of 50% would mean they are selling .005037795 NDI in the Concord North Unit. While we have provided an NRA estimate, please make all bids on the basis of the NDI listed on the check stub.
You can download the available listing files here.
We will begin accepting offers on Wednesday, August 31st.
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 8/31/2022