Value of Mineral Rights in North Dakota
Value of Mineral Rights in North Dakota
If you are looking for the value of mineral rights in North Dakota you’re in the right place! It can be extremely confusing to find good information online. The reason it’s so difficult to find information is that mineral rights sales are private. There is no public record that discloses how much mineral rights sell for in North Dakota. However, we can help you estimate the value of mineral rights in North Dakota. We have talked with mineral owners for years. We understand the general rule of thumb for mineral rights value in North Dakota. Carefully consider the information below so you can learn more about the value of mineral rights in North Dakota.
Offer to Sell Mineral Rights?
Do you currently have an offer to sell mineral rights? Trying to determine if it’s fair? The information below will help. However, we want to point out that the only way to see if you have a fair offer is to get multiple offers. When you get multiple offers on your property it allows you to truly test the market and see what buyers are willing to pay. Without getting multiple competing offers you are very likely to sell below market value.
If you have an offer to sell mineral rights in North Dakota we recommend you list your property at US Mineral Exchange. Doing so will quickly get your property in front of thousands of buyers. This will allow you to see if the offer you have is a fair one or if you could do way better. Most people we talk to end up getting a much higher offer after working with US Mineral Exchange. The value of mineral rights in North Dakota is highly dependent on you get exposure for your property. Getting it online where thousands of buyers will compete to pay you the highest price is the only way to do that.
The information below is a great resource to give you a general idea of the value of mineral rights in North Dakota. Just keep in mind that this is just an estimate and you need to get multiple offers before you sell!
Estimating Oil and Gas Royalties Value
Estimating the value of oil and gas royalties in North Dakota is the easiest. The reason is that the monthly royalty check you receive is how buyers evaluate your property. Generally speaking, buyers will pay somewhere in the range of 4 years to 6 years times the average amount you receive each month. This varies by mineral rights buyer but it’s a good rule of thumb. To see the value of mineral rights in North Dakota for oil and gas royalties, simply enter the average check amount in the first box:
With the range provided above, you at least have a starting place for the value of oil and gas royalties in North Dakota. Keep in mind that there are a lot of factors in play. Oil royalty buyers in North Dakota will base the value on all these factors. This means your property could be worth more or less than the estimate above.
Estimating the value of leased mineral rights
If your property is currently leased that’s great news. It means operators are interested in drilling in your area. It also means that buyers are going to be interested in your property as well. We can do a very rough estimate of value based on your lease bonus. As a general rule of thumb, you can expect to get between 2x to 3x the lease bonus amount per acre. For example, if your property was leased for $1,000/acre, you could sell it for $2,000 to $3,000/acre.
Keep in mind that this number is a very rough ball park estimate. If your property was leased a few years ago when oil prices were very high it is probably worth less than this estimate. If you did not get a very good lease and got a low lease bonus, your property could be a worth a lot more than the estimate. There’s really no way to know for sure what it’s worth until you sell.
Estimating the value of non-leased mineral rights
If your property is not leased and not producing oil and gas royalties each month, there will not be a lot of demand for your property. That doesn’t mean your property is worthless. It just means that you are going to have to wait longer to find a buyer. You will also sell at a much lower price than other properties that are leased or producing. There is simply less demand. In addition, coming up with an estimate for the value of mineral rights in North Dakota in this case is not possible. The value is going to be highly dependent on finding the right buyer who wants to take a risk on your property and hold it for a very long time.
How to Sell Mineral Rights for Maximum Value
Now that you have some idea of the value of mineral rights in North Dakota, how do you get them sold for maximum value? The most important thing is getting competing bids. A lot of mineral owners make the mistake of trying to sell on their own. They hit up a couple buyers. End up with a few bids in their hand. Then they decide to to sell to the best offer. What they don’t realize is that they only talk to a tiny fraction of mineral rights buyers in North Dakota. To get the best possible price you need to get your property in front of thousands of buyers and let them compete for your property.
To sell mineral rights for maximum value we recommend US Mineral Exchange. When you list your property online with them it’s like putting your home on the MLS. Mineral rights buyers in North Dakota will get an alert that your property is on the market. Mineral rights buyers from all over the country will also know your property is for sale. This results in your getting thousands of buyers competing for your property. The competition will drive up the price and ensure that you get every dollar possible from the sale of your property.
We’ve talked to countless mineral owners who have listed at US Mineral Exchange who have been very happy with the results. It’s why we recommend their service.
Questions about the value of mineral rights in North Dakota?
Do you have questions about the value of mineral rights in North Dakota? If so, we can help! We talk to mineral owners all the time. We would be happy to take a look at your situation and see how we can help. Just fill out the form below and we’ll be in touch shortly.