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Reeves, TX
Texas Royalty Brokers did a fantastic job helping us sell our mineral interests. They were extremely knowledgeable, responsive, and transparent throughout the entire process. They explained everything clearly, kept us updated every step of the way, and helped us secure a very fair deal. We felt confident and well represented from start to finish. I highly recommend them.
Shelby, TX
Emily and Eric were extremely helpful throughout the entire process from start to finish. Very good at explaining the process and keeping me updated on where things were. Appreciate their help in making this a smooth and productive transaction!
Leon, TX
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Lea, NM
Emily and Eric really did a good job guiding us through the process to sell our mineral rights.
They found a buyer quickly, and even though our records were old and scattered, taking longer than usual to document things, they patiently worked with us to complete the sale. They are the best. Ken Flake.
Robertson, TX
Texas Royalty Brokers helped me and my family navigate some tricky inherited minerals. I had great peace of mind using them versus dealing directly with a buyer. Very satisfied experience.
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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