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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 Title

Purchase Mineral Rights in Karnes Texas

Listing ID

401137

Listing Status

pending

  • 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.

Download

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:  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.

___________________

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.

Download Files

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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