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Client Reviews
La Salle, TX
They were so Great… always up front, they did all the work and we got a very fair price… Didn’t have to bother with all the calls of other brokers with bait and switch offers. TRB are the Only way to sell your royalties and get a fair price.
Reeves, TX
My experience with Texas Royalty Brokers was excellent. Communication at every step in the process was maintained. The price received for the royalties exceeded our expectations. The entire process was completed in six weeks. I’d recommend Texas Royalty Brokers to anyone that considers selling.
Harrison, TX
Texas Royalty Brokers was easy to work with and were able to answer all of our questions quickly. We had a pleasant experience working with them.
Howard, TX
Working with Eric Winegar was a wonderful experience. He was always available to answer questions and helped get us to our closing quickly. I would definitely work with him again.
Ector, TX
I have had several correspondences over the recent past with Eric. Five stars is simply not enough! Navigating and trying to understand the mineral interests I inherited has been daunting, and further crazy with offers of purchase. Not knowing what to do or what to expect, I reached out to Texas Royalty Brokers and fortunately Eric responded to my inquiries. Has has been informative, up front, he has researched and quite honestly, has gone way above and beyond any expectations I had. Thank you, Eric!
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Listing Notifications
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Listing Title
Karnes County Texas - Mineral Rights For Sale
Listing ID
401197
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: $93,500
- State : Texas
- County : karnes
- Legal Location : JJ Picket Survey, A-227
- Net Acres : 5.26
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $83/Month
Comments:
Update: 7/24/2024
Sold
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Update: 7/17/2024
Sale Pending
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Update: 7/15/2024
Best and Final offers due on Wednesday, July 17th by end of day.
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This is a great property with immediate upside in Karnes County.
We believe our client owns 5.26 NRA in a very active area in Karnes County located in two units.
Spendlove Unit: We believe our client owns 3.31 NRA in this unit with 377 acre spacing. There is one existing horizontal well and 6 new DUCs on this unit, creating immediate return on investment for a buyer.
This owner has not yet signed division orders and all new income from the DUCs will go to the buyer.
Bench Lake Farms 2 Unit: We believe this owner has 1.95 NRA in this unit with 190 acre spacing. With this unit being right nextdoor to the Spendlove unit and with only 1 current horizontal well, this acreage presents excellent upside for a buyer.
Current royalty income from this ownership averages $83/Month.
All bids should be based upon the attached estimated NRA. If less NRA is proven in title, only the NRA 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 July 10th.
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 7/10/2024