Karnes County Mineral Rights For Sale

Starting Bid: $925,000

• State : Texas
• County : karnes
• Legal Location : Hemby B and Blackjack E Units, near Kenedy; see attached deeds and plats.
• Net Acres : 87.65
• Active Lease : Yes
• Royalty Rate : 12.5%
• Producing : yes
• Average Income : $8,239.67

Comments:

Karnes County, Texas – 87.65 Estimated Net Royalty Acres

Texas Royalty Brokers is offering an estimated 87.65 net royalty acres in the Hemby B and Blackjack E units near Kenedy in Karnes County, Texas. This producing mineral ownership combines established royalty income from ConocoPhillips with expected participation in two newly completed wells and substantial additional drilling upside.

The starting bid is $925,000, and we will begin accepting offers on Tuesday, September 22, 2026.

Established Income

The listed average income is $8,239.67 per month, calculated from the June 25, 2026 check of $8,540.95 and the August 25, 2026 check of $7,938.38. The July 24 check of $2,089.22 is excluded because we believe the lower payment likely reflects existing wells being temporarily shut in while nearby wells were being fracked. This is an adjusted two-check average, and the suspected shut-in explanation has not been confirmed by the operator.

This ownership was already generating checks above $7,000 in 2022. The supplied April through July 2022 payment history shows checks of $8,075.06, $7,787.29, $7,207.70, and $8,966.92, respectively. That income predates the Hemby B 5H and 6H wells, which first produced in June 2023, as well as the two newly completed wells.  This shows the long term potential for the current royalty income.

The cash flow value alone on this package would place the value at $500,000+, and that’s before considering the new wells coming online and additional upside.

Two Newly Completed Wells

The supplied well records identify HEMB-BLACK-LEVI SA A 1 (API 42-255-38369) and HEMB-BLACK-LEVI SA B 1 (API 42-255-38370) as completed on July 9, 2026. Both show a reported depth of 17,500 feet.  For comparison, the existing Hemby B wells show true vertical depths of approximately 12,700 to 13,000 feet. The deeper reported depths are a notable part of the development opportunity.

The Drillinginfo map does not correctly depict the new wellbore paths. The supplied survey plats show the paths running through the Blackjack E area, right by the existing Blackjack E wells. Based on our review of those plats, we expect our client to participate in both new wells through the Blackjack E ownership. Final participation and payment allocations remain subject to operator confirmation and title review.

Additional Drilling Upside

We believe substantial upside remains from deeper drilling in the Hemby B unit. The Blackjack E unit also retains plenty of additional development potential even after these two new wells come online. Buyers are acquiring established production together with expected near-term income from the new wells and exposure to future development in both units.

The ownership estimate allocates approximately 50.89 net royalty acres to Hemby B and 36.76 net royalty acres to Blackjack E, using the owners decimal and the known unit sizes. The Blackjack E estimate uses the 403.49-acre unit shown on the new-well plats, rather than the older 382.13-acre figure displayed in Drillinginfo because the plat map more current. All acreage and ownership figures are estimates. Buyers should verify exact ownership, lease terms, and well participation through their due diligence.

Buyer Receives All Income from the Two New Wells

The buyer will retain ALL income attributable to the interest being purchased in the two new HEMB-BLACK-LEVI wells, including any accrued or unpaid income. The seller will not sign the division orders for these wells when they are received.

Bid Basis

For this listing, all bids should be based upon the NDI listed on the check stubs.  While we provide an NRA estimate, the value of this ownership is based on existing cash flow plus the known decimal interests.

*Please note that our bidding process will be followed on this listing. Our bidding process is designed to create a fair and transparent process for all buyers.  We do not give preference to any particular buyer.    There is no take it down price on this listing or any other listing we post.  No buyers will be given a last look or the ability to call at the last minute and outbid the best offers we have received.

We respectfully ask that you take just a few moments to review our bidding process:
Texas Royalty Brokers – Bidding Process

For this listing, we are requiring the following:

1. 1. Special Warranty Deed
   2. 30 Day Close
   3. Any adjustment to the purchase price greater than 10% must be mutually agreeable.  The PSA should note the NDI’s only, and should not include any adjustments based on the NRA proven in title.
   4. Our closing process included in the PSA, which is:   At closing, buyer will provide the mineral deed.  The seller will execute the mineral deed and return it to Texas Royalty Brokers.  Texas Royalty Brokers will provide buyer with a scanned copy of the deed, and buyer will then wire funds to seller and Texas Royalty Brokers respectively.  Once funds are confirmed, Texas Royalty Brokers will overnight the deed to the Buyer.   
   5. Buyer must close within 14 days or sign our qualified buyer agreement.

To view/download the listing files, please visit the link below:

Download Listing 401288 Files

We will begin accepting offers on Tuesday, September 22nd. 

All buyers are required to either do a 14 day close or sign our qualified buyer agreement once a deal has been verbally agreed upon.  In certain situations, we may require a $25,000 earnest deposit at the sole discretion of Texas Royalty Brokers.

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.