Mineral rights value rule of thumb in North Dakota
Mineral rights value rule of thumb in North Dakota
If you want to know the mineral rights value rule of thumb in North Dakota, we can help! Have you been searching for hours and can’t find any website to give you the value of mineral rights in North Dakota? The reason this happens is that buyers don’t want you to know the value. They want to keep the true market value a secret. Why? It’s simple. They want to pay you the lowest possible price for your property. They know that you don’t know how much it’s worth. They also know that they can usually convince mineral owners to sell below market value. We’re going to show you the mineral rights value rule of thumb in North Dakota so you don’t get taken advantage of!
How to estimate mineral rights value in North Dakota
First, it’s important to know that it’s impossible for anyone to give you the exact value of your property. Each property is unique. Even properties literally right next to each other sell for different prices. In addition, buyers are unique. Each buyer is going to value your property in a different way. Lastly, the timing can have a huge impact on price. A property that sold 2 years ago was sold in a very different environment than we are seeing today with low oil prices. When you put all these things together, it’s literally impossible to get the exact value. However, we can use some tricks to determine the mineral rights value rule of thumb in North Dakota.
The type of property you own plays a key role in estimating mineral rights value in North Dakota. Find the type of minerals you own below to learn more about the value.
Non Producing and Non Leased Mineral Rights
If you own mineral rights that are not producing royalties and are not currently leased, there is no way to know the value at all. Even making an estimate is impossible. They could be worth a couple hundred per acre or thousands per acre. If your property is not lease and not producing, it means there is not a lot of demand for your property. If you wanted to sell it would take a long time and you would not likely get much for it.
Non Producing but currently leased
If you own mineral rights in North Dakota that are not currently producing royalties but your property is leased, there will be demand. The mineral rights value rule of thumb in North Dakota for these properties is 2x to 3x the average lease bonus you receive. For example, if your property was leased for $1,000/acre, you could expect to sell it for $2,000/acre to $3,000/acre. Keep in mind that this is a very rough estimate. It could be worth more or less depending on when you were leased and how good your lease is.
Producing oil and gas royalties
If you own producing oil and gas royalties in North Dakota. We can quickly estimate the value of oil and gas royalties in North Dakota. A good mineral rights value rule of thumb in North Dakota for producing properties is 4 years to 6 years times monthly income. To find an accurate estimate of value, take the last 3 months of check stubs and find the average amount and enter it below. The North Dakota oil royalty calculator below will show you what your royalties are worth.
When estimating the value of royalties there are many factors to consider. The range above is only for existing production. If there are more wells to be drilled on your property it could be worth substantially more. If you have a large number of net mineral acres in North Dakota it could be worth a lot more as well. You never really know for sure until you get your property on the market.
Offer to Sell Mineral Rights in North Dakota
When people are looking for a mineral rights value rule of thumb in North Dakota, it’s usually because they have an offer. They want to figure out if the offer is fair. A fair offer to sell mineral rights in North Dakota depends on your specific properties. The estimates provided above do not mean that the offer is fair just because the offer is what is described above. Often, the property could be worth substantially more. The only way to ensure you get the best price is to get your property in front of a lot of buyers. When you talk to just a small handful of buyers and expect to get a good price you will lose out every time.
How to sell mineral rights in North Dakota
If you want to sell mineral rights in North Dakota, we recommend US Mineral Exchange. The reasons is simple. To sell mineral rights in North Dakota for maximum value, you need to get exposure for your property. Mineral rights are a very unique type of property. Mineral owners often assume that all mineral rights buyers will offer a similar price. By talking to a couple they can quickly figure out a fair price and sell. Unfortunately, that’s not the case! The only way to ensure you get the best price is to get your property in front of thousands of buyers. By doing so, it forces all the buyers to compete against one another to pay the best price. This competition drives the price up and puts the most cash in your pocket.
When you list your property at US Mineral Exchange that’s exactly what happens. Your property will quickly be seen by thousands of buyers. We have spoken to numerous mineral owners over the years who have listed with US Mineral Exchange. They were all very happy with the results. A lot of mineral owners have an offer to sell mineral rights in North Dakota and list their property with US Mineral Exchange. They quickly get substantially higher offers and end up making a lot more money. It’s for this reason that we highly recommend US Mineral Exchange if you want to sell mineral rights in North Dakota.
Questions about mineral rights value?
Hopefully the information above is helpful. The mineral rights value rule of thumb in North Dakota can be difficult to figure out. If you have question about your property, fill out the form below. We talk with mineral owners all the time and we would be happy to help point you in the right direction.