The Bakken Shale, located primarily in North Dakota and extending into Montana, remains a cornerstone of U.S. oil production. As of late 2025, the Bakken region contributes approximately 1.2 million barrels per day (bpd) of crude oil, making it one of the top oil-producing areas despite a maturing profile. Recent data from the U.S. Energy Information Administration (EIA) shows production holding relatively flat through 2024 and into 2025, supported by efficiency improvements and infrastructure like pipelines that reduce flaring.
Rig counts in the Bakken averaged around 34 rigs in 2024, with activity focused on core areas for sustained output. With WTI crude prices fluctuating around $60-70 per barrel in recent months and Henry Hub natural gas near $4.20-4.50/MMBtu, the economics remain viable for operators, though lower than peak years.
Many mineral rights owners in the Bakken are multi-generational families who inherited interests, often facing decisions about holding for royalties or selling for immediate cash amid stable but not booming activity.
Location in Core Areas:
Counties like Mountrail, Dunn, McKenzie, and Williams in North Dakota hold the highest value due to proven productivity and stacked pays (including the Three Forks formation below the Bakken).
Production Status:
Producing rights are valued based on recent royalty checks, decline curves, and estimated ultimate recovery (EUR). Non-producing acreage benefits from nearby drilling permits and operator inventories.
Commodity Prices and Activity:
Oil-dominant production ties value closely to WTI prices. Associated natural gas adds upside, with low flaring rates thanks to infrastructure.
North Dakota Regulations:
Favorable rules, such as quick permitting ($100 fee, 20-30 day approvals), and abandonment/pooling laws encourage development but can complicate ownership if not managed.
Market Outlook:
Production is expected to remain around current levels into 2026, with operators like ConocoPhillips and Chord Energy optimizing longer laterals and efficiency to maintain plateaus.
Verify Ownership and Interests:
Start with the North Dakota Industrial Commission (NDIC) oil and gas division records or county recorder offices. Identify net mineral acres, royalty rates (often 1/8 to 3/16 or higher), and any leases.
Research Local Activity:
Check NDIC for recent permits, well completions, and production data. High permit activity in core counties signals potential value increases.
Conduct a Thorough Evaluation:
Professional buyers run preliminary title searches to confirm clear ownership and analyze production history, nearby wells, and market comparables. At Royalty Ridge, our process includes title verification, permit reviews, and detailed valuation modeling—typically completed in 3-10 business days.
Understand Your Offer:
A fair offer explains calculations, such as multiples of recent royalties or per-acre pricing based on comparable sales. Avoid undervalued bids from unsolicited mailers.
Close the Transaction:
Once accepted, we prepare straightforward documentation (mineral deed). Our network of active buyers ensures secure, fast closings—often in 7-10 days—with full payment wired promptly
Overlooking undivided interests or heirship issues common in inherited properties.
Selling during low-price cycles without considering long-term potential.
Ignoring tax implications: Sales qualify for long-term capital gains (0-20% federal rate in 2025), often with stepped-up basis for inherited rights, versus ordinary income on royalties.
