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Client Reviews

Howard, TX

Rated 5 out of 5
January 3, 2023

The team at Texas Royalty Brokers were so easy to work with. They made what sounds like a very confusing process, clear and straightforward. They were incredibly responsive and kind people to work with. I definitely recommend their services!

Bridget Z.

Tarrant, TX

Rated 5 out of 5
December 15, 2022

A great and straightforward experience. They answered all questions and made the process quick and easy. I highly recommend their services.

Robert S.

Howard, TX

Rated 5 out of 5
December 2, 2022

I engaged Texas Royalty Brokers to market my mineral interest after I received an unsolicited offer. They got me almost 2x the original offer, and they were professional and transparent through the entire process. Definitely plan to use them again.

Christopher W.

Karnes, TX

Rated 5 out of 5
November 1, 2022

After several months of researching the process of selling mineral rights, as well as researching several land/mineral brokers, I filled out the contact form for Texas Royalty Brokers. I received a reply from Eric Winegar almost immediately. From the start, Eric was easy to work with and I always felt that he was truly working with my best in mind. Throughout our numerous emails and phone calls, he was always courteous and professional and answered every question I asked. Some more than once! I was provided with all the drilling maps and financial information he used to determine the listing price and future drilling potential.

Once I accepted an offer, he handled all of the paperwork and walked me through every part of the process. And, when we ran into a snag (which he had prepared me to expect) and I started to question my decision to sell, he was so respectful of my indecision and provided me with all the information I needed to reassure myself that I was making the right decision. I can’t thank him enough. I wouldn’t hesitate to recommend Texas Royalty Brokers to anyone interested in selling their mineral interests.

Jann R.

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.

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Listing Notifications

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Listing Title

Buy Mineral Rights in Karnes Texas

Listing ID

401136

Listing Status

not available

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.

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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