Are you a mineral owner in North Dakota looking for answers? If so, you’re in the right place! Whether you want to know more about the value of mineral rights in North Dakota or you are curious about selling we can help. Bakken Mineral Owner helps mineral owners learn about their mineral rights. Our goal is to help you make an informed decision with regard to your mineral rights. Before you sell mineral rights in North Dakota for less than they are worth, carefully read through the information on our website. We’ve been helping mineral owners for years and we look forward to helping you navigate the process of selling mineral rights.
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Sell Mineral Rights in North Dakota
Before you sell mineral rights in North Dakota it’s important to consider all of your options. A lot of mineral owners get an unsolicited offer to sell mineral rights. Afraid they are going to lose the offer, they quickly accept and sell far below market vale. Don’t let that be you! We are going to guide you through the process of selling mineral rights in North Dakota to ensure you sell for the highest price possible. You can avoid the pit falls and help your family get maximum value for the sale of mineral rights.
No matter where you are in the process, bookmark our website and carefully consider the information provided. We will help point you in the right direction so you make the best decision possible for you and your family!
How to sell mineral rights in North Dakota
There are really two different ways to sell mineral rights. You can try and sell them on your own or you can work with a broker. We’re going to explore both options and help you understand the pros and cons.
When you sell mineral rights on your own, this is considered the shotgun approach to selling mineral rights. Taking the shotgun approach involves reaching out to mineral buyers on your own. The goal is obviously to find the highest price possible. When you reach out to mineral buyers in North Dakota you are hoping to find that needle in a haystack. The mineral buyer who is going to pay you the highest price.
What many mineral owners don’t understand is that there are thousands of mineral buyers. Every buyer comes up with their owner formula for mineral rights value. Due to this, you will see a large range of offers from mineral buyers. A lot of mineral owners reach out to just a handful of buyers. After gathering just a few offers, they select the highest one and sell mineral rights. This is a huge mistake! If you do this, you may think you got a good deal because the price your mineral buyer paid was higher than the other mineral buyers.
What you didn’t realize is that there were thousands of other buyers out there who wanted a shot at buying your minerals. It may seem like you got a good deal but you likely sold for far less than what other mineral buyers would have paid. You simply can’t reach out to enough buyers to get a fair price when you sell on your own!
Rather than sell mineral rights on your own using the shotgun approach, we recommend selling with a reputable broker like US Mineral Exchange. The reason is that they will quickly get your property in front of thousands of mineral rights buyers. This gives you the best chance to get the absolute highest price. The competition that is created by listing at US Mineral Exchange leads to higher price. We have talked to numerous mineral owners who sold at US Mineral Exchange and got offers significantly higher than what they found on their own. We consistently recommend this company because they have been in business the longest (since 2012) compared to other brokers, they have the largest network of mineral buyers, and they get the best pricing in the market.
Another key advantage of working with a reputable broker is contacts. Attorneys are expensive and may not fully understand oil and gas transactions. A reputable broker knows how to the contracts should be structured. You can avoid being taken advantage of by tricky contract language by working with a reputable mineral rights broker.
Before you sell mineral rights in North Dakota carefully consider your options. Selling on your own may seem like a smart decision at first. However, you will likely sell for considerably less money and you leave yourself open to being taken advantage of with a complicated contract.
Mineral Rights Value in North Dakota
One of the most common questions we get from mineral owners in North Dakota is about mineral rights value. You may be wondering, “How much are my mineral rights worth?”. This is a difficult question to answer! It seems like you should be able to find a website that will tell you the approximate value of mineral rights in North Dakota. If you can Zillow the value of your home, why can’t you find the value of mineral rights in North Dakota online?
The reason is that every property is 100% unique! The mineral rights that you own might be right next door to some other mineral rights. However, there can be some very big differences between them. For example, if you have mineral rights that are currently leased and an operator has 12 permits to drill 12 new wells, it will have significantly more value than your neighbors property that already has 12 wells on it that have been producing for 10 years. There is only so much oil underground. As that oil is extracted, the value of your mineral rights goes down as there is simply less oil to extract. The mineral rights value in North Dakota is all about the price of oil, how much oil is left, and when it will be extracted.
Every mineral owner is in a different stage of the process. This is why it’s impossible to get an accurate estimate of mineral rights value in North Dakota.
We can provide you with a rule of thumb estimate for mineral rights value in North Dakota. Keep in mind that this is only an estimate! As we mentioned above, there are many factors at work. How old the wells are, current oil prices, your lease royalty rate, who your operator is, and many more factors play a role in mineral rights value.
With all that in mind, here is how to estimate mineral rights value in North Dakota. The estimate of mineral rights value will come down to where your mineral rights are in the process. They can either be producing minerals, non-producing but leased mineral rights, or non-producing mineral rights.
Producing Mineral Rights Value in North Dakota
If you own producing mineral rights, this means you get an oil and gas royalty check each month for your share of production. A very simple rule of thumb for producing mineral rights is 4 to 6 years times your average monthly income. This is the average monthly income from the 3 most recent royalty checks you received.
You can use our oil royalty calculator below. Simply enter the average amount you receive each month and the oil royalty calculator will give you a range of values:
Non-Producing but Leased Mineral Rights Value
If you own mineral rights that are currently leased, but do not generate royalty income, you have non-producing but leased mineral rights. A good rule of thumb for mineral rights value on leased mineral rights is 2x to 3x the lease bonus. Once again, the value can easily be above or below this range but this is a good rule of thumb mineral rights value for leased mineral rights.
Non-Producing Mineral Rights Value
If you have non-producing mineral rights that are not currently leased, the value is going to be very low to $0. If you haven’t had an active lease in the last 3 years, there is a good chance the current value of mineral rights is $0. Unless you have an active offer on the table the value of mineral rights is simply not there as mineral buyers don’t want something that doesn’t generate cash.
Recommended Reading from Bakken Mineral Owner
No matter where you are in the process of selling mineral rights in North Dakota or learning more about mineral rights value in North Dakota, we recommend learning more using the articles below. We have extensive information for mineral owners in North Dakota. In addition, we also cover mineral rights value in Colorado and Kansas. The articles we have below are some of our most popular content.
Sell Mineral Rights in North Dakota
When you sell mineral rights in North Dakota it’s important to sell for maximum value. Many mineral owners find themselves in a frustrating situation. They want to sell mineral rights but they don’t know how to do it. They also don’t know what a fair value is. They check out a few websites but all they can find are people offering to buy their mineral rights. There’s no little to no information available.
This leads most mineral owners to sell mineral rights in North Dakota below market value. They get frustrated with the process so they get a couple offers and quickly sell. What they don’t realize is that they could have sold for a much higher price. Our goal at Bakken Mineral Owner is to help you sell mineral rights in North Dakota for the highest amount possible. Check out the resources listed below and on the left hand side of this page. We’ll help guide you through the process of selling mineral rights in North Dakota so you don’t sell below market value.
Sell mineral rights in Weld County Colorado If you own mineral rights in Weld County Colorado congratulations! You own mineral rights in the best possible location in Colorado. If you want to sell mineral rights in Weld County Colorado there will be strong demand for your property. Mineral rights buyers in Colorado prefer Weld County Colorado. We are going to show [...]
Oil and gas royalty buyers in North Dakota If you want to locate oil and gas royalty buyers in North Dakota it's not hard. A quick google search will show you hundreds of websites offering to buy royalties. However, you should proceed with caution! There are a lot of shady people out there who take advantage of royalty owners. If you [...]
How to sell mineral rights in North Dakota There are a two primary ways to sell mineral rights in North Dakota. You can sell mineral rights on your own or you can work with a professional. We are going to show you the benefits of working with a professional and explain why doing it on your own is a big risk. [...]
Sell Mineral Rights for Maximum Value Are you trying to sell mineral rights for maximum value in North Dakota? If so, you're not alone. It can be a very confusing process! A lot of mineral owners know very little about mineral rights. They simply need to get their property sold for the highest price. Unfortunately there are a lot of people [...]
Sell Mineral Rights in North Dakota Are you looking to sell mineral rights in North Dakota? If so, you have come to the right place. Mineral rights in North Dakota are some of the most valuable assets you can own, however, we understand at times there is a desire or a necessity to put them on the market for sale. Let’s [...]
Mineral Rights Value in North Dakota
If you want to learn more about mineral rights value in North Dakota we can help. Understanding the value of what you own is a difficult process. There are many different factors involved. We help break down this complicated subject into easy to understand pieces. You can learn more about mineral rights value by checking out some of our most popular content below. We’ll help you understand the value of producing oil and gas royalties, leased mineral rights, and non-producing mineral rights.
Whether you own mineral rights in North Dakota, Colorado, or Kansas, we can help point you in the right direction. We’ll help you understand the mineral rights value in your state. If you have questions, simply fill out the free consultation form at the bottom of this page and we’ll quickly answer your questions. Please don’t hesitate to check out the articles below and then reach out with questions!
Royalty calculator If you are curious what your property will produce after it's drilled, you can end the search. No one can answer that question. You can make all sorts of estimates to find out but it's all just a guess. A royalty calculator will not be able to give you that information. With that said, if you are considering [...]
Mineral Rights Value in Colorado Figuring out mineral rights value in Colorado can be a bit of a challenge. Finding accurate information you can rely on is difficult. The reason is that there is no public record when mineral rights are sold. Even though there is no public record, through our years of experience we can help you estimate mineral [...]
Mineral Rights Value in Kansas If you're interested in learning about mineral rights value in Kansas this post is for you. While Kansas is just south of the Bakken, there are a lot of property owners in Kansas. We want to talk a bit about mineral rights value in Kansas to help mineral owners in this area as well. If you [...]
Mineral rights value in North Dakota Want to know the mineral rights value in North Dakota? If you own mineral rights in North Dakota we can help! When you start looking for information on value it can be tough. It seems that no one out there can give you a clear answer. Most websites you run across are buyers. They don't [...]
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 [...]
Bakken Mineral Owner – A Trusted Source for Mineral Owners
If you own mineral rights in North Dakota, Colorado, or Kansas, we hope that you will find the information on our blog helpful. As you learn more about mineral rights value, selling mineral rights, and industry news in the area, we invite you to reach out with questions. If you still have questions after reading our blog please fill out the free consultation form below. We can help you better understand your mineral rights and help point you in the right direction!