Not a number per acre. The honest answer for Oklahoma 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 Oklahoma 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 Oklahoma. 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 Oklahoma 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 Oklahoma 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 Oklahoma 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: 50 active rigs in Oklahoma, 185 drilling permits approved in the last 90 days, and 72 wells reporting first production in the last 90 days. That is heavy activity, which means non-producing acreage in the right counties carries real location value and producing interests near those rigs can gain undrilled locations that a cash-flow-only offer will miss.
Rigs running now: Canadian County (5 rigs, 25 permits), Carter County (2 rigs, 10 permits), Custer County (13 rigs, 29 permits), Dewey County (1 rig, 4 permits), Garvin County (1 rig, 4 permits), Grady County (11 rigs, 24 permits), Kay County (1 rig, 9 permits), Kingfisher County (1 rig, 9 permits), McClain County (2 rigs, 7 permits), Roger Mills County (10 rigs, 24 permits), Stephens County (3 rigs, 15 permits).
Permits or new completions, no rig at the moment: Beckham County, Blaine County, Ellis County, Grant County, Harper County, Lincoln County, Logan County, Noble County, Okmulgee County, Payne County, Pittsburg County, Pontotoc County, Pottawatomie County, Washington County, Washita County.
Quiet this quarter (producing interests valued on cash flow; non-producing acreage priced conservatively): Adair County, Alfalfa County, Atoka County, Beaver County, Bryan County, Caddo County, Cherokee County, Choctaw County, Cimarron County, Cleveland County, Coal County, Comanche County, Cotton County, Craig County, Creek County, Delaware County, Garfield County, Greer County, Harmon County, Haskell County, Hughes County, Jackson County, Jefferson County, Johnston County, Kiowa County, Latimer County, LeFlore County, Love County, Major County, Marshall County, Mayes County, McCurtain County, McIntosh County, Murray County, Muskogee County, Nowata County, Okfuskee County, Oklahoma County, Osage County, Ottawa County, Pawnee County, Pushmataha County, Rogers County, Seminole County, Sequoyah County, Texas County, Tillman County, Tulsa County, Wagoner County, Woods County, Woodward 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 Oklahoma the payment rules under 52 O.S. § 570.10. 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 Oklahoma 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: DIVERSIFIED ENERGY, MACH NATURAL RESOURCES LP, MERIT ENERGY, DEVON, FLYWHEEL ENERGY, ABUNDANCE ENERGY SERVICES LLC. 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 Oklahoma, 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.