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Client Reviews
La Salle, TX
They were so Great… always up front, they did all the work and we got a very fair price… Didn’t have to bother with all the calls of other brokers with bait and switch offers. TRB are the Only way to sell your royalties and get a fair price.
Reeves, TX
My experience with Texas Royalty Brokers was excellent. Communication at every step in the process was maintained. The price received for the royalties exceeded our expectations. The entire process was completed in six weeks. I’d recommend Texas Royalty Brokers to anyone that considers selling.
Harrison, TX
Texas Royalty Brokers was easy to work with and were able to answer all of our questions quickly. We had a pleasant experience working with them.
Howard, TX
Working with Eric Winegar was a wonderful experience. He was always available to answer questions and helped get us to our closing quickly. I would definitely work with him again.
Ector, TX
I have had several correspondences over the recent past with Eric. Five stars is simply not enough! Navigating and trying to understand the mineral interests I inherited has been daunting, and further crazy with offers of purchase. Not knowing what to do or what to expect, I reached out to Texas Royalty Brokers and fortunately Eric responded to my inquiries. Has has been informative, up front, he has researched and quite honestly, has gone way above and beyond any expectations I had. Thank you, Eric!
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Listing Title
Purchase Mineral Rights in Karnes Texas
Listing ID
401137
Listing Status
sold
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - complete
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: $60,000
- State : Texas
- County : karnes
- Legal Location : Multiple - Please see attached plat maps.
- Net Acres : 5.88
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $12,743/Month
Comments:
Update: 10/26/2022
Sold
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Update: 9/16/2022
In the download files link below (not the attachment), we have added the September check stub for Murphy. This latest check was for $12,743. We updated the “average income” to reflect her latest check. We spoke with the seller today and they are still firm at $60,000. They are willing to let a buyer keep the October check forward if they get an offer before the October check comes in. Otherwise they plan to hold onto the mineral rights and continue to collect royalty income.
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The owner of these mineral rights is receiving royalty income from a large number of wells that just came online. This ownership is spread out over multiple units and multiple operators in Karnes County Texas. We believe this acreage is effectively 100% drilled up and all wells are now producing with the exception of a single DUC.
In May 2022, the income was a combined $750/month. In June as the wells started coming online, that income jumped to $3,100/month. In July Murphy alone produced $23,000 and in August $15,937. We are representing an “average income” of just $15,937/month since this was their last check amount but it is flush production.
The owner would like to sell 100% of her ownership in the production coming from Murphy, Tidal, and Marathon.
The owner does not want to continue to collect royalty income for tax purposes. She has collected the August check stub from Murphy, but all future check dates September and forward would go to the buyer.
We believe the seller has approximately 5.9 net royalty acres. However, this is effectively a cash flow deal. All bids should be on the basis of the net decimal interests listed on the check stubs. No adjustments will be allowed unless the operator has been paying incorrectly.
Note: The seller has cousins who have a remainderman interest. The cousins all agree that they will forgo their right and are willing to sign away the ownership. We have attached a deed for a sale that happened in the past where all of the cousins signed for this to occur already. She has verbally confirmed again that they have no problem doing this so this will remove any remainderman title issues that could come up. In the past she sold the “Bellah unit” which was right in between the Bellah Patton and Drees.
You can download the available listing files here.
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.
