sellers
Texas Royalty Brokers
Popular Topics
Mineral Rights Report
Buyers
New Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
Client Reviews
Reeves, TX
I had the pleasure of doing business with Texas Royalty Brokers and I was very satisfied with the results! Emily was straightforward, quick to respond, and honest the whole way through. I highly recommend Emily, Eric and the team at Texas Royalty Brokers.
Karnes, TX
Emily and Eric were great! Very fast process! I had lots of questions and they were very responsive and gave lots of updates.
Upton, TX
Texas Royalty Brokers has to be one of the most efficient mineral brokers in the nation. Within a week of my listing I received a 30% increase against my highest offer trying to sell it on my own. A very concise, smooth experience from start to finish.
Montrail, ND
I had a issue with my mineral rights and Eric was the ONLY broker to give me a fast and straight-forward response that actually helped … and I reached out to quite a few. I will definitely work with Texas Royalty Brokers again and recommend them to anyone with mineral rights.
Crockett, TX
I worked with Emily, who was extremely knowledgeable about all aspects of the sale, from current and prospective activity on the property to evaluating the market. The sale was swift and went above the posted price. I was ambivalent about selling my mineral rights, but the experience was very good and reassured me I’d made the right choice.
Blog Categories
Listing Notifications
To receive notifications regarding new listings that are activated on our website, please enter your email address below.
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