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Selling mineral rights doesn’t have to be complicated. At Texas Royalty Brokers, we handle every step of the process so you can get maximum value with zero stress.
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Reeves, TX
Texas Royalty Brokers did a fantastic job helping us sell our mineral interests. They were extremely knowledgeable, responsive, and transparent throughout the entire process. They explained everything clearly, kept us updated every step of the way, and helped us secure a very fair deal. We felt confident and well represented from start to finish. I highly recommend them.
Shelby, TX
Emily and Eric were extremely helpful throughout the entire process from start to finish. Very good at explaining the process and keeping me updated on where things were. Appreciate their help in making this a smooth and productive transaction!
Leon, TX
Texas Royalty Brokers were very professional and got the job done!
Hats off to Texas Royalty Brokers!!
Lea, NM
Emily and Eric really did a good job guiding us through the process to sell our mineral rights.
They found a buyer quickly, and even though our records were old and scattered, taking longer than usual to document things, they patiently worked with us to complete the sale. They are the best. Ken Flake.
Robertson, TX
Texas Royalty Brokers helped me and my family navigate some tricky inherited minerals. I had great peace of mind using them versus dealing directly with a buyer. Very satisfied experience.
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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
_______________
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