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 want to to tell you the value. Doing so means they would have to actually pay you that much!
To figure out the mineral rights value in North Dakota you need reliable information. We are going to walk you through everything you need to know about mineral rights value in North Dakota.
How to estimate mineral rights value in North Dakota
One of the first things you need to know is that there is no zillow.com for mineral rights. When mineral rights are sold it’s done privately. The sales price is kept confidential. Sales also happen less frequently and timing plays a key role in value. This means that the only way to know the mineral rights value in North Dakota is to sell mineral rights. When you put your property on the market with a reputable company like US Mineral Exchange you will start getting offers that tell you the actual value.
What we can provide you with is simply an estimate based on our years of experience. Find the type of property you own below to see an estimated mineral rights value in North Dakota.
Non-Producing and Non-leased mineral rights
If you own mineral rights that are not currently leased and not producing oil and gas royalties, there is not typically much demand for your property. That doesn’t mean there’s no value, it just means that it’s going to take some time to get an offer. The mineral rights value in North Dakota is typically be between a few hundred per acre and a couple thousands per acre for non-producing/non-leased mineral rights. A lot will depend on which county you are in. If you have mineral rights in McKenzie County North Dakota you are going to see more demand than other areas.
Leased mineral rights, NOT currently producing
If you have mineral rights that are currently leased, but NOT producing oil and gas royalties, there will be some good demand for your property. The value is generally around 2x to 3x the lease bonus amount. Keep in mind that there are many other factors. The lease royalty percentage, term, and operator who leased the property all play a role. It’s also possible you leased the property for a very low amount or that the market was very high at the time you leased. The good news is that your property has some potential to be very valuable.
Producing mineral rights
If you are currently receiving oil and gas royalties in North Dakota you have producing mineral rights. The mineral rights value in North Dakota for royalties is strong. You will likely see a value between 4 year to 6 years. When you sell oil and gas royalties in North Dakota that’s a general rule of thumb. To calculate the value of oil and gas royalties in North Dakota, enter the average amount you receive each month in the first box below:
Based on this oil royalty calculator, you can see the expect value of your property. The value above is just one part of the equation though. If your property has additional drilling opportunities available it could be worth significantly more.
Offer to Sell Mineral Rights in North Dakota
A lot of people looking for mineral rights value in North Dakota have an offer. You may have received an offer to sell mineral rights in North Dakota and want to know if it’s fair. You’re not alone! A lot of mineral rights get an offer to sell mineral rights but don’t know what to do. They have no idea if it’s a fair offer. Even if the offer you received falls in line with the estimates above, that does not mean it’s a fair offer.
What most mineral owners don’t know is that the first offer you get is almost never the best. Mineral buyers specialize in buying property “off market.” They approach you and make an offer knowing that you don’t know the value. They assure you it’s a fair offer and put pressure on you to quickly accept. When you sell mineral rights like this you are giving up significant value. It’s important to put your mineral rights on the market where you can ensure you are getting a fair value for selling mineral rights in North Dakota.
How to sell mineral rights in North Dakota
The mineral rights value in North Dakota hinges on you getting your property in front of buyers. We recommend listing the property at US Mineral Exchange. The reason is that you will quickly get your property in front of thousands of buyers. Doing so will allow you to get the highest mineral rights value in North Dakota.
We have talked to a large number of mineral owners in North Dakota. Many sell on their own and end up with below market offers. They quickly accept the first offer and don’t realize there were better offers out there. Don’t fall into that trap! If you want to sell mineral rights for maximum value we recommend working with a professional like US Mineral Exchange.