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Client Reviews
Reagan, TX
Eric and his company did a fantastic job throughout my entire selling process. They are very knowledgeable, gracious, and efficient. Eric personally went above and beyond in communication to me and my family and I would recommend him and his company to anyone. I’m incredibly satisfied.
Dimmit, TX
Worth every penny! I can’t say enough about what a pleasant experience this was, thanks to Eric Winegar. Being completely unfamiliar with how to go about selling our family’s mineral interests, I had no idea where to begin. Then I received a brochure in the mail from Texas Royalty Brokers. It answered many of my questions (as well as some I didn’t know I should have), so I checked out their website. I found a wealth of information there as well, so I filled out their online inquiry form. I quickly heard from Eric, provided a few royalty check stubs, and from there he literally took care of everything else.
Eric explained every step of the process along the way and answered all my rookie questions with the utmost professionalism. His experience and expertise in this industry is invaluable and I could not have imagined an easier process.
Panola, TX
Eric Winegar was incredible. He took time to pull together data and explained in great detail the specifics of our mineral interests. We had an offer that could have potentially been a horrible mistake and Eric saved the day! We are so grateful for the time he took to put everything together and explain it to where we could understand it. He is so knowledgeable!
Panola, TX
Eric is First class, educational and honest. We had been offered a substantial amount for one of our mineral rights by mail. I was uncomfortable because the amount didn’t add up for me and I reached out to Texas Royalty Brokers for a second opinion. Eric took the time to explain the process, what he thought he might be able to do given the information he had at the time (which was no more than the offer letter I had been provided). I decided to give Eric a shot at the second opinion and sent in all the information required. Eric reviewed the information, did a substantial amount of research and scheduled a conference call.
Eric took the time to explain , with supporting maps and documentation, why selling was a bad idea for us. I learned more in a 30 minute conversation with Eric than I had in the three years since we inherited the royalties. Long story short, he saved us from making a several hundred thousand dollar mistake. He didn’t have to take the time educate us but he did. I highly recommend Eric and his team and will definitely use Eric if the time ever becomes right to sell.
Karnes, TX
Eric, it was a pleasure working with you! The outcome and timing was precisely as expected and communication was every bit on point. I thank you, my family thanks you! I will keep in touch. Respectfully,
The Trial’s
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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.
___________________
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.
