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Client Reviews
Reeves, TX
Texas royalty brokers did a fabulous job getting my property sold efficiently professionally and quickly. Eric and Emily were prompt with returning calls and emails and made the entire transaction seamless! I would certainly use them again.
Leon, TX
Texas Royalty Brokers did a fantastic job marketing and selling my mineral rights. Eric and Emily were extremely helpful and patient in answering all my questions and guiding me through the process. They basically did all the paperwork. I would definitely use them again!
Andrews, TX
Eric and his staff at Texas Royalty Brokers were amazingly helpful! Between finding the value of my minerals, finding buyers, and handling the contracts. I couldn’t imagine dealing with the processes without them.
Thank you so much Eric!!!
Mitchell, TX
Texas Royalty Brokers was great to work with! The offer exceeded my expectations! Eric and Emily were very clear and organized with the process and made it easy. I would definitely use them again!
Karnes, TX
My experience with Tx Royalty Brokers was excellent. They basically did all the work as promoting and marketing my asset. I ended up getting what I wanted – my net payout was a multiple of over 66 months of my present monthly royalty payments.
I would highly recommended Eric and Emily to anyone who is interesting in marketing their mineral or royalty interests.
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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