Not a number per acre. The honest answer for Illinois depends on whether your interest produces, what the wells around it are doing this quarter, and what the state's law lets a buyer deduct. Here is how we value Illinois minerals when we buy them, with this month's activity, so you can check anyone's offer, including ours.
Updated 2026-11-02 with Enverus activity. Written by Stephen Clayman, career landman and owner of Berlin Royalties, a buyer in Illinois. Read it knowing that.
Information only, not an offer. Nothing on this page is a price, a quote, or a commitment to buy at any level. It explains how Illinois minerals are generally valued so you can judge offers. A real offer, ours or anyone's, is built from the specific wells, title, decimal, and market on the day it is made, and it can be higher or lower than anything this page might lead you to expect.
A producing Illinois royalty is worth a multiple of what it pays, set by how fast the wells are declining and what gas and oil are expected to sell for: commonly expressed as some number of years of current checks, lower for mature wells and higher for young ones, and only a tract-specific valuation says which. Non-producing Illinois minerals are worth what the drilling around them makes likely, which ranges from nearly nothing in a quiet county to thousands of dollars an acre ahead of active rigs. Any offer that does not say which of those it is pricing is a guess.
Enverus does not publish rig, permit and completion counts for Illinois in our monthly pull, so we value Illinois interests off the state regulator's well records and the operator's own statements.
Start with the checks: the last twelve months of statements, or a single stub, which carries the operator, your decimal, and the property. Pull the wells in the unit from public records and Enverus, fit a decline to their production history, apply a price deck, discount the stream, and add a risked value for any undrilled locations the operator's permits suggest. Then subtract what the law allows to come out first: severance tax, and for Illinois the payment rules under 765 ILCS 520/10. The method, with a worked example, is on our valuation methodology page, and the value calculator runs the lump-sum-versus-hold comparison on your own numbers.
Off the map, not off a formula. The questions are: is the tract inside an active unit or a permitted one, what did the nearest wells make in their first year, how many undrilled locations the spacing allows, and how likely the operator is to drill them in the next few years given its rig count and its permits. A tract three miles from a rig in Illinois is a different asset from a tract three miles from nothing, and the price difference is a multiple, not a percentage. Our non-producing minerals page walks through it.
People ask for a price per acre because that is how land sells. Minerals do not sell that way, and the per-acre figures that circulate online are averages of unlike things: a producing Haynesville royalty and a quiet tract of the same size can differ by a hundredfold. We will give you a per-acre number for your tract, with the wells and the permits it came from, free. We will not give you one for Illinois, because there is no such number.
Text a photo of a check stub or a deed to 918-984-1645, or send the county and a legal description. You will get a written number within two business days with the wells, the decline, and the price deck it came from, and it holds for 7 days while you check it against anyone else's. Free, and the same answer whether or not you sell.
Get a Free Valuation How the Preliminary Offer WorksRig, permit, completion and operator counts are from Enverus as of 2026-11-02. Berlin Royalties is the trade name of Berlin Resources LLC, a mineral buyer and landman shop in Tulsa, and a potential counterparty to any sale you make, which is why we would rather you checked the arithmetic than took our word. This page is general information, not an offer, an appraisal, or legal or tax advice; any offer we make is a separate written document and may differ from anything described here.