How do I sell my oil and gas royalties in Montana?

Send a buyer a recent royalty check stub, a division order, or simply the county and the family name. A serious buyer will look up the wells, the production and the title, and come back with a number and the reasoning behind it, usually within a business day. After you accept, a clean interest typically closes in two to four weeks, with title work being the part that takes the time. A direct buyer pays the title, deed and recording costs, so the sale should cost you nothing.

What are oil and gas royalties worth in Montana?

A producing royalty is generally valued as a multiple of recent monthly income, which is really a payback period. Whether the multiple is fair depends on the decline rate of your specific wells, the price deck used, and whether the offer pays anything for undrilled locations on your tract. Ask any buyer for those three figures so you can compare offers on the same basis.

Should I check anything before selling royalties in Montana?

Yes. Check whether money is already owed to you, because state royalty payment law sets deadlines for first and ongoing payments and provides interest on late ones, and some problems that look like a reason to sell are really a suspense or address problem. Also check for permits and rigs near your section, since pending drilling changes what the interest is worth.

Sell Oil and Gas Royalties in Montana: Value, Process, Timeline

We buy producing royalties, overriding royalties, non-participating royalties and non-producing minerals in Montana. Send a check stub, a division order, or just a county and a family name, and we will tell you what you own and what it is worth before anyone asks you to decide anything.

What is happening in Montana right now

Because a royalty is priced on what will be produced, not on what was. From Enverus, current as of 2026-08-17:

4 active rigs
55 permits approved in the last 90 days
0 wells reporting first production in the last 90 days

Moderate activity. Enough drilling that undrilled locations near you may carry value worth asking about, and not so much that you should assume competition will find you on its own.

What Montana already owes you, before you sell anything

Worth checking first. Some things that look like a reason to sell are a payment problem the operator owes you.

First payment due: 120 days after production is marketed after first sale
Ongoing oil payments: 60 days
Ongoing gas payments: 90 days
Late payment interest: Greater of 15% or prime plus 6 points
Minimum payment rule: Under $50 semiannually; under $10 annually

Statute: Mont. Code §§ 82-10-103, 31-1-107. Full detail for every state is on royalty payment laws by state.

Who is on your check

The largest operators in Montana by producing well count. The company on your check is your operator, not a buyer, and the two get confused constantly.

RIDGE OIL & GAS, LLC, roughly 2664 producing wells
NORTHWESTERN, roughly 1131 producing wells
MMGL MT I, LLC, roughly 825 producing wells
TXO PARTNERS LP, roughly 724 producing wells
CONTINENTAL RESOURCES, roughly 591 producing wells
WHITE ROCK OIL & GAS, roughly 348 producing wells

If your check has stopped or shrunk, start with the statement decoder rather than with a sale.

How the number gets built

An offer on a producing royalty is a multiple of recent monthly income, and that multiple is a payback period in disguise. Three assumptions decide whether it is fair:

The decline rate on your specific wells. Shale and conventional decline nothing alike, and a formula cannot tell which you own.
The price deck. The forward curve, not the spot headline.
The undrilled locations. The part that never appears in a mailed offer.

Ask any buyer for all three. Our offer checker converts a specific offer into the payback it implies, and how mineral rights are valued covers the method in full.

Process and timeline

You send whatever you have. One business day later you have a number and the reasoning behind it.
You decide on your own clock. There is no deadline and we will not invent one.
Purchase agreement in plain language, then title work, which we pay for.
Closing in roughly two to four weeks on a clean interest. Probate gaps and old severances take longer.
Wire or check, and the deed records in the county.

There is no cost to you at any step. We are a buyer, not a broker, so no commission comes out of your proceeds.

Where we buy in Montana

We have written up 7 Montana counties in detail, each with current producing well, rig and permit counts. We buy in every county in the state, including the ones without a page.

Daniels County Dawson County Fallon County Richland County Roosevelt County Sheridan County Toole County

When not to sell in Montana

A new well just came online and the curve has not settled.
Permits or rigs are moving toward your section. Check free at well records or set Mineral Watch.
The monthly income matters to your budget. A lump sum spends; a royalty keeps arriving.
You have not checked whether money is already sitting in suspense.
Somebody is rushing you.

Want a second number before you answer anyone?

Send an offer letter, a check stub, a deed, or just a Montana county and a family name. We will tell you what you own, what we will pay and how we got there, and whether we think you should sell at all. If another offer beats ours we will tell you that too.

Get a Free Valuation Ask a Landman

Rig, permit and operator counts are sourced from Enverus and current as of 2026-08-17. Berlin Royalties is the trade name of Berlin Resources LLC, a mineral buyer and a landman shop in Tulsa, not a law firm or a tax advisor.

Sell oil and gas royalties in Montana