Any comments on Magnolia Oil and Gas?  They are offer 18.75% in royalty for a place in Karnes County.  Is this common?

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If this is the same Magnolia O&G in the website link below, they are the real deal and active players in the trend.

The 18.75% Royalty is a low ball offer, in my opinion. 25% is more the norm today - especially in established areas like most of Karnes County.

However, every area is different as to subsurface conditions and "prospectivity). Take a look a the presentations on their website and determine where in Karnes County your minerals are located.

http://www.magnoliaoilgas.com/

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