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Client Reviews

Howard, TX

Rated 5 out of 5
January 3, 2023

The team at Texas Royalty Brokers were so easy to work with. They made what sounds like a very confusing process, clear and straightforward. They were incredibly responsive and kind people to work with. I definitely recommend their services!

Bridget Z.

Tarrant, TX

Rated 5 out of 5
December 15, 2022

A great and straightforward experience. They answered all questions and made the process quick and easy. I highly recommend their services.

Robert S.

Howard, TX

Rated 5 out of 5
December 2, 2022

I engaged Texas Royalty Brokers to market my mineral interest after I received an unsolicited offer. They got me almost 2x the original offer, and they were professional and transparent through the entire process. Definitely plan to use them again.

Christopher W.

Karnes, TX

Rated 5 out of 5
November 1, 2022

After several months of researching the process of selling mineral rights, as well as researching several land/mineral brokers, I filled out the contact form for Texas Royalty Brokers. I received a reply from Eric Winegar almost immediately. From the start, Eric was easy to work with and I always felt that he was truly working with my best in mind. Throughout our numerous emails and phone calls, he was always courteous and professional and answered every question I asked. Some more than once! I was provided with all the drilling maps and financial information he used to determine the listing price and future drilling potential.

Once I accepted an offer, he handled all of the paperwork and walked me through every part of the process. And, when we ran into a snag (which he had prepared me to expect) and I started to question my decision to sell, he was so respectful of my indecision and provided me with all the information I needed to reassure myself that I was making the right decision. I can’t thank him enough. I wouldn’t hesitate to recommend Texas Royalty Brokers to anyone interested in selling their mineral interests.

Jann R.

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.

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Listing Notifications

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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

___________________

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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