Not a number per acre. The honest answer for North Dakota 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 North Dakota 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 North Dakota. 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 North Dakota 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 North Dakota 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 North Dakota 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.
From Enverus, as of 2026-11-02: 35 active rigs in North Dakota, 258 drilling permits approved in the last 90 days, and 57 wells reporting first production in the last 90 days. Moderate activity: location value exists in specific counties and is close to zero elsewhere, so the county matters more than the state.
Rigs running now: Billings County (1 rig, 6 permits), Burke County (3 rigs, 14 permits), Divide County (5 rigs, 64 permits), Dunn County (5 rigs, 36 permits), McKenzie County (11 rigs, 56 permits), Mountrail County (1 rig, 12 permits), Williams County (9 rigs, 68 permits).
Permits or new completions, no rig at the moment: McLean County.
Quiet this quarter (producing interests valued on cash flow; non-producing acreage priced conservatively): Adams County, Barnes County, Benson County, Bottineau County, Bowman County, Burleigh County, Cass County, Cavalier County, Dickey County, Eddy County, Emmons County, Foster County, Golden Valley County, Grand Forks County, Grant County, Griggs County, Hettinger County, Kidder County, LaMoure County, Logan County, McHenry County, McIntosh County, Mercer County, Morton County, Nelson County, Oliver County, Pembina County, Pierce County, Ramsey County, Ransom County, Renville County, Richland County, Rolette County, Sargent County, Sheridan County, Sioux County, Slope County, Stark County, Steele County, Stutsman County, Towner County, Traill County, Walsh County, Ward County, Wells County.
Each county page carries its own counts, formations, and the operators permitting there.
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 North Dakota the payment rules under N.D.C.C. § 47-16-39.1. 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 North Dakota 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.
By producing well count: CHORD ENERGY, CONTINENTAL RESOURCES, CONOCOPHILLIPS, DEVON, CHEVRON, EXXON. The operator on your check is not offering to buy your minerals, but its permits and its rig count are the best public signal of what your acreage is worth next year.
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 North Dakota, 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.