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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.
Houston, TX
Texas Royalty Brokers was very helpful to me in evaluating the mineral rights owned by the estate of an old man for whom I am the executor, even though they probably knew very quickly I would not end up as a client.
Stephens, TX
I had the pleasure of working with Texas Royalty Brokers LLC this past month. From the beginning to the very end and everything in between, they were very communicative, responsive and helpful. They explained every part of the process and helped when I needed something. They made the whole process simple and easy. By using Texas Royalty Brokers LLC, I was able to get 2 times the amount I was offered by others or on my own.
Harrison, TX
Eric and Emily are very good at taking care of clients. I found them after researching companies to help me with selling. The reviews I found convinced me to give them an opportunity and I am thankful.
Emily was true to her word from the beginning to the completion. I am so pleased with her that if I choose to sell other property, I will definitely contact her and trust her judgement in my accounts.
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Listing Title
Mineral rights for sale in Karnes County
Listing ID
401199
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: $100,000
- State : Texas
- County : karnes
- Legal Location : Multiple locations
- Net Acres : 12.31
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $1,748/Month
Comments:
Update 9/10/24:
Sold
_____________________
Update 8/15/24:
Pending under contract
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Update 8/7/24:
July check stubs have been added to the listing and the listing has been updated accordingly.
_____________________
Here is a great opportunity to purchase mineral rights in Karnes County.
Our client is selling 50% of his ownership in 4 units in Karnes County. The royalty income for 50% of our client’s ownership is an average of $1,748 per month.
KC Unit:
We believe our client owns 24.62 NRA in this unit with 320 acre spacing, of which he is selling half or 12.31 NRA. There are 7 active wells on this acreage.
Karnes City NE, Karnes City NW and Carter-Holm-Yanta Units:
These are allocation units and we are unsure of the NRA our client owns in these units. The 50% of the average royalty income in these units is $700 per month.
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 must be mutually agreeable.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Wednesday July 18th.
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 7/18/2024