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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

401139

Listing Status

active

Accepting Offers on 9/19/2022
  • Listing Posted - complete
  • Listing Evaluation - complete
  • Accepting Offers - in progress
  • Client Review - tbd
  • Best and Final - tbd
  • Under Contract - tbd

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. (Warning! 50 MB File)

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Listing Details

Starting Bid: $1,055,000

  • State : Texas
  • County : karnes
  • Legal Location : Multiple - Please see attached plat maps.
  • Net Acres : 58.29
  • Active Lease : Yes
  • Royalty Rate : 12.5%
  • Producing : yes
  • Average Income : $21,250/Month
Comments:

Update:  9/26/2022

******Price Update******

The seller has updated the asking price to $1,055,000!  This is a $215,000 price reduction.

*Note: Please check the download link below for the most updated files.  We have uploaded the 9/2022 check stub for Marathon, the 9/2022 check stub (includes 8/2022 production) for Magnolia, and updated the revenue summary.  Average income was nearly the same with updated numbers.

The owner was in suspense with Magnolia and did not get an 8/2022 check stub.  You’ll note in 9/2022 that the check stub is in her name now and it’s for approximately double, so this is payment for 2 months.   We split the 9/2022 check stub between 8/2022 and 9/2022 evenly just as an approximately idea of monthly income.

Seller will retain the 9/2022 payments received.  If an offer is agreed upon before October 15th, buyer may keep all check dates October 2022 forward.

_________________________________

This is an opportunity to buy some exceptional production in Karnes County Texas.  The ownership is an excellent opportunity to buy existing royalty income with potential upside as well.  The buyer will get some nice diversification as there are multiple units and 51 actively producing wells.  These wells are past flush production but not very old so the buyer will receive a very nice royalty income for years to come.

The seller is interested in selling 100% of their mineral rights ownership.

This interest has been producing an average of $21,420/month in 2022.   The Yanta et al Unit and Annie Trial unit appear to be fully drilled up.   In the EF Medina Unit, it appears that the wells are pretty spaced.  It’s possible they could drill more wells there in the future.

It appears that in the EF Medina, the ownership is .0164 NDI in 341.89 acres.  On the check stubs, the EF Hoffman trial shows the same NDI.  However, the tax rolls show a .008247 NDI.  If you use the larger unit size of the combined Hoffman / Medina unit, the acreage works out similar around 45 to 48 NRA.  Please note that there are currently Medina-Hoffman wells actively producing.  The seller is only being paid on the M Hoffman M Trial SA 1H well which appears to be right in between the Medina unit and the Medina-Hoffman unit.  In addition, the seller is not in the tax rolls on the Medina-Hoffman wells, so we don’t believe they have an ownership there.

The owner listed on the check stubs is the estate of Michael Leo Trial.  These mineral rights have been deeded to Theresa Garcia Trial (the seller).  The seller is currently in the process of transferring the ownership to her name.  Any royalty income related to production months from August 2022 and all prior months would be due to the seller.

Please check TexasFile.com on this listing.  This seller and the deceased have transacted many times and there is a lot of documentation to review.  We pulled a few of the relevant documents, but it is up to each buyer to perform their own due diligence.   We are basing this listing on what they are currently in pay on.  All taxes are showing current.

We have attached a file showing a pending lawsuit from 2014.  That issue was resolved a long time ago according to the seller.

All offers should be made on a cash flow basis.  No adjustments will be allowed at closing unless mutually agreeable by buyer and seller.  The seller would like to start the bidding at $1,270,000 for 100% of the ownership.

Important:  The documents attached in the zip file do not contain all documents.  Please visit the link below to download all documents.

Download Files

We will begin accepting offers on Monday, September 19th.

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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