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In states like North Dakota, the surface estate and the mineral estate can be owned separately. This means one person may own the land, but another party might own the rights to whats below it. Mineral rights generally take precedence over surface rights.
Any mineral interest is, if unused for a period of twenty years immediately preceding the first publication of the notice required by section 38-18.1-06, deemed to be abandoned, unless a statement of claim is recorded in ance with section 38-18.1-04.
As a mineral rights value rule of thumb, the 3X cash flow method is often used. To calculate mineral rights value, multiply the 12-month trailing cash flow by 3. For a property with royalty rights, a 5X multiple provides a more accurate valuation (stout.com).
Its safe to assume that the value of mineral rights in North Dakota for non-producing properties will be lower than $1,000/acre with rare exceptions. It is also safe to assume that the value will be between $0 and $250/acre in most cases. Many mineral buyers do not want to buy non-producing mineral rights.
Leased Mineral Rights Value in North Dakota To estimate mineral rights value in North Dakota you need to multiple your total lease bonus by 2x to 3x. Generally speaking the mineral rights value in North Dakota for leased mineral rights will be between 2x to 3x the lease bonus.
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To stake a claim to any oil/gas interests in North Dakota, you need to go online and file a statement of claim form. Fill in the county name and provide the legal description of the lot with the name and address of everyone making the claim.
There is no such thing as comps in mineral rights due of the factors below. In a single county, the average price per acre for mineral rights could be anywhere from $250 to $10,000+/acre depending on all these factors. Each factor can play a significant role in calculating mineral rights royalties value.

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