Common Q&A

Common Q&A

At Bakken Mineral Owner we have spent years talking with mineral owners.  We know the ins and outs of the industry.  We know the common mistakes mineral owners make.   We want to address some of the most common questions and answers we receive.  These should help guide you through the sale of mineral rights in North Dakota.  If you would prefer to talk with us about your unique situation, fill out the form at the bottom of this page.  We love hearing from readers and we would be happy to point you in the right direction.

Selling Mineral Rights in North Dakota

If you want to sell mineral rights for maximum value, we recommend US Mineral Exchange.  We have spoke to lots of mineral owners in your situation.  They simply want to know the best way to sell for maximum value in North Dakota.   We have talked to tons of owners who listed at US Mineral Exchange and they were very happy with the results.
An offer to sell mineral rights in North Dakota is great news.  It means that mineral rights buyers in North Dakota are interested in your property   It also means there is probably a much better offer out there!  The first offer to sell mineral rights you get is almost never the best.  Consider all your options before you sell below market value.
I wish we could give you a straight answer, but it really depends on your personal situation.  Every person’s situation is unique.  What we can tell you is that if selling makes financial sense for you, do not hesitate to sell.  You’ll hear a lot of people say to “never sell” mineral rights.  That’s bad advice.  Sell when it makes sense for you financially.
There are literally thousands of buyers out there.  You could sped months contacting buyers and not even talk to 1% of them. The best way to get your property in front of buyers is by listing the property at US Mineral Exchange.  Doing so will quickly get your property in front of the right mineral rights buyers in North Dakota.
There’s only one way.  Get your property in front of as many buyers as you can.  Doing so creates competition.  This competition among buyers will drive the price up and put the most amount of cash in your pocket.   Listing your property at US Mineral Exchange is a great way to sell for maximum value.
Short answer:  No way!  We see so many mineral owners falling into this trap.  They need to sell mineral rights and decide to try it themselves.  Selling seems easy.  You can quickly find a buyer and probably even get an offer.  What a lot of people don’t realize is they can’t find a GOOD offer.  Buyers will assure you it’s a good deal.  They’ll also put pressure on you to sell quickly.  Don’t trust a buyer to pay you the best price.  They know you don’t know how much it’s worth and they take advantage of that.

Selling Oil and Gas Royalties in North Dakota

I wish we could give you an exact answer but we can’t.  It really depends on your personal situation.  There are a lot of reasons to sell oil and gas royalties in North Dakota.  If you are nearing retirement or simply need the cash, it can make sense.  You just have to decide if selling now makes sense for you or not.
The best way to sell oil and gas royalties in North Dakota is with US Mineral Exchange.  They walk you through the entire process.  They make it simple for you to get your property sold for the highest possible price.  There are a large number of ways to sell oil and gas royalties but we recommend US Mineral Exchange.
It’s never a good idea to sell oil and gas royalties on your own.  There are too may pitfalls. Most people think they can save a few $$ by doing it themselves.  What ends up happening is they cost themselves thousands of dollars and lots of extra time and stress.  Work with a reputable broker who will see that you get paid the highest possible amount.
A quick google search will reveal a large number of oil and gas royalty buyers.  However, they are not all created equal.  In addition, there are a huge number of oil and gas royalty buyers that don’t have a website.  They rely on reputable brokers to bring them deals to purchase.

Mineral Rights Value in North Dakota

This is a really common question we get.  If they are not producing royalties, you can expect 2x to 3x the amount of the lease bonus you received.  Not leased?  There is no way to estimate the value until you put the property on the market.  The best way to ensure you get the highest price is to get the property in front of lots of buyers.  Let them compete and drive the price higher to ensure you get the best price.
Generally speaking you can expect to sell oil and gas royalties in North Dakota for 4 years to 6 years time the average monthly royalty check.  To get a quick estimate of oil and gas royalties value us this calculator.
We recommend you list your property with a reputable broker like US Mineral Exchange.  They will quickly get your property in front of buyers who compete. This competition will drive up the price ensuring you get maximum value.  You have a lot of options when you sell but most are just buyers who are attempting to get you to sell for the lowest price.  Working with a reputable broker ensures you aren’t taken advantage of.

Questions about selling mineral rights in North Dakota?

Do you have questions about selling mineral rights in North Dakota?  We would love to help!  Just fill out the form below and we’ll respond quickly to your questions.

Mineral Owner Inquiry Form

Your Name

Your Email

Phone

Average amount you receive each month:

Is the property leased?:

Questions or comments: