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Client Reviews
Reeves, TX
Eric and Emily were a pleasure to work with. They were very professional, thorough and attentive to my needs. Were very helpful in explaining the entire process of selling mineral rights. I felt confident that they obtained the best price available. I would highly recommend TX Royalty Brokers!
San Augustine, TX
In the world we live in today, it’s very difficult to know who to trust. Eric and Emily were knowledgeable, patient, and professional. They exceeded my expectations, and EARNED my trust. I would recommend them to anyone looking to sell their minerals.
Glasscock, TX
I enjoyed working with Emily and Eric. They did exactly what they said they would do. They were very professional and communicated well. I would recommend them to anyone looking to sell their mineral rights.
Ward, TX
Eric and Emily were a pleasure to work with. I was able to quickly sell my resources for top dollar!
Lea, NM
Wonderful experience! Highly recommend the Texas Royalty Brokers
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Listing Title
Buy mineral rights in Karnes County
Listing ID
401174
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.
Listing Maps
Listing Files
Please click the download button below to view the listing files. Listing files include maps, check stubs, and other documentation.
Listing Details
Starting Bid: $75,000
- State : Texas
- County : karnes
- Legal Location : Carlos Martinez Survey A-6
- Net Acres : 12.57
- Active Lease : Yes
- Royalty Rate : 20%
- Producing : yes
- Average Income : $1,100/Month
Comments:
Update: 3/18/2024 – Sold
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Update: 2/21/2024 – Sale Pending
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These mineral rights in Karnes County are in a great location and are leased at 20% royalty rate.
We believe the seller has 12.57 net royalty acres. There are currently 5 active wells on the property, with consistent production. The seller receives an average of $1,100 a month in royalties.
There are 3 wells on the property that could have refrac potential in the future with new production. 2 of the older wells are currently inactive and 1 older well is currently active.
All bids should be based upon cash flow value, no adjustments will be allowed unless the net decimal interest is lower than what the seller is in pay on. If less NDI is proven in title, only the NDI proven in title would convey. Any adjustment over 10% must be mutually agreeable.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Wednesday, February 7th.
All buyers are required to either do a 14 day close, make a $5,000 deposit, or sign our qualified buyer agreement once a deal has been verbally agreed upon.
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.
Accepting Offers on 2/7/2024