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Client Reviews

Howard, TX

Rated 5 out of 5
September 19, 2022

16 years after inheriting Howard County mineral rights, and recently receiving increasing unsolicited purchase offers, we made the decision to sell. After thoroughly researching brokerage firms we decided to contact Texas Royalty Brokers which was a highly beneficial move. Eric could not have been easier to work with and we felt a strong fiduciary relationship throughout the entire process. Numerous phone calls and discussions were handled in a prompt, professional manner with precise explanations and valuable information offered, all delivered in a stress free environment. We feel that Eric went above and beyond our expectations and was a significant factor in our successful sell. We highly recommend Texas Royalty Brokers and Eric Winegar and would not hesitate to work with them in any future endeavors.

Traci D.

Shelby, TX

Rated 5 out of 5
August 1, 2022

By listing our mineral interests with Texas Royalty Brokers, my husband and I received an offer more than 50% higher than the best offer we received in the mail. And, the expert guidance we received from Eric Winegar through the entire process was just as important.

Eric established value, listed the property, discussed options, vetted and coordinated paperwork, always provided thoughtful and knowledgeable guidance, clearly answered our many questions, and looked after our interests, keeping us informed every step along the way. We are so glad that we listed our property with Texas Royalty Brokers.

Linda, N.

La Salle, TX

Rated 5 out of 5
June 24, 2022

Our family was on the fence about selling mineral rights until we got a really high offer in the mail. We reached out to see if the offer was a fair one. Within just minutes the company responded and walked us through the value of the mineral rights. We decided to list the mineral rights to see if there was a better offer. Sure enough, we got a bid that was even higher. I can’t thank Eric and the team at Texas Royalty enough for helping our family with the sale of these mineral rights. We are truly thankful.

Amy R.

Harrison, TX

Rated 5 out of 5
June 18, 2022

We got an offer from [redacted] in the mail. I knew this offer was a low ball offer, but we hadn’t really thought about selling until the offer came in. My wife and I didn’t want to be greedy, but we also wanted to sell for the best price we could find. I reached out to a few other buyers and then decided to list this at Texas Royalty Brokers. It was the best decision we could have made. We ended up walking away with substantially more money.

Arnold P.W.

Ward, TX

Rated 5 out of 5
May 6, 2022

The price I received after listing at Texas Royalty Brokers was shocking. I had multiple offers to sell, but I was not sure who to trust. I decided to list and let them walk me through the process. Our family was less concerned about the price and more concerned about not being taken advantage of. We ended up selling for over $600,000 more than the offers we were receiving. On top of that, they walk us through the sales process making sure we understood everything each step of the way. These guys are the real deal and our family is very grateful we found this company.

Sam L.

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Listing Notifications

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Listing Title

Buy Mineral Rights in Karnes Texas

Listing ID

401136

Listing Status

pending

Accepting Offers on 8/31/2022
  • 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.

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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.

Download Files

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.

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