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 won mineral rights in Kansas and want to know more this post should help. We’ll explain more about how much mineral rights in Kansas are worth. In addition, we’ll show you how to sell mineral rights in Kansas for the best price.
Basic guide to mineral rights value in Kansas
The value of mineral rights in Kansas is based on a number of factors. Factors include the location of your property, oil prices, timing, buyers in the market, and what stage of production your property is in. The biggest factor for you is going to be the stage of production your property is in. If you own mineral rights in Kansas they are going to be in one of three stages. Each stage will have a big difference in how much your mineral rights in Kansas are worth. Here are the three basic stages:
Non-Producing / Non-Leased —–> Leased —–> Producing
Non-producing / Non-leased mineral rights value in Kansas
If you own mineral rights that do not provide a royalty check each month and you have not signed a lease in the last 5 years, you own non-producing / non-leased mineral rights. Mineral rights in this stage of the process have the least amount of value. No operator has indicated they want to drill and there is no current income being produced. Generally you can expect the mineral rights value in Kansas for this type of property to be worth $0 to a few hundred dollars per acre.
Leased mineral rights value in Kansas
If your property is currently leased it means ad operator is interested in drilling. This is a good sign for the value of mineral rights in Kansas. It means that buyers will be interested in purchasing your property. More buyers and more demand equals more money in your pocket! As a general rule of thumb, you can expect for the mineral rights value in Kansas of leased properties to be 2x to 3x the lease bonus amount. It may take a little time to sell mineral rights in Kansas that aren’t producing, but there will definitely be mineral rights buyers interested.
Producing mineral rights value in Kansas
If you currently receive an oil and gas check each month you have producing mineral rights. The value of oil and gas royalties in Kansas is going to be around 4 years to 6 years times the average check amount. To see how much your oil royalties in Kansas are worth, enter the average amount you receive each month in the first box below.
How to sell mineral rights in Kansas
Selling mineral rights in Kansas does not have to hard. A lot of mineral owners make the mistake of trying to do it on their own. They reach out to a few mineral rights buyers online and get an offer. Mineral owners quickly accept the first or second offer they get and assume they got a good deal. Don’t fall into this trap! To get the highest mineral rights value in Kansas it’s important to create competition for your property. Reaching out to a handful of buyers is not enough competition to ensure you get a fair price.
We recommend selling mineral rights at US Mineral Exchange. To get the best possible value for mineral rights in Kansas you need multiple mineral buyers competing. This competition ensures that you find the buyer who can really pay you the highest price. The value of mineral rights in Kansas is a moving target. There is no way to know the exact value. The only way to know the maximum value is to put your mineral rights on the market where they can be seen by thousands of buyers. This is why we recommend US Mineral Exchange. As soon as you create a listing, your property can be seen by thousands of buyers.