I was speaking with a royalty owner (let’s call her Mary) last month about a letter she received in the mail. The letter was from a company in Texas offering to purchase Mary’s royalties in McKenzie county. Mary thought it could be a good offer because the price they offered was a little more than a couple of years revenue and Mary could really use that money today. However, Mary had the good sense to research the offer a little further.
Had Mary not reached out to us, she would have lost over $30,000 dollars in additional revenue. What did this advice cost her? Nothing. Mary took our recommendations and listed her property with US Mineral Exchange. They have access to thousands of buyers across the nation who compete for royalties in McKenzie and there is no cost to the sellers. If you are looking to determine the value of royalties in McKenzie County North Dakota, and have received an offer letter, please know that the offer you have received is not market value. Odds are it is a low ball offer and your royalties are worth much more.
To give you a general idea of the value of royalties in McKenzie County North Dakota, we have created a very simple to use calculator.
Calculating the Value of Royalties in McKenzie County North Dakota
Understanding the value of royalties in McKenzie County North Dakota can generally be calculated using the form below. Very simply, buyers of royalties in McKenzie County pay anywhere from 48 to 72 times your average monthly royalty income.
While this range will provide you an estimate of what you can expect to receive for your McKenzie oil and gas royalties, prices outside this range are certainly possible. With that said, sometimes you just need to speak with someone about your specific situation and how you should approach selling your royalties.
