Sell Your Kansas Mineral Rights
We buy oil and gas royalties and mineral rights in Kansas and throughout the United States.
Request an Offer:
We Know Kansas Mineral Rights
It’s one of our favorite states!
We buy oil and gas royalties and mineral rights throughout Kansas. We especially like Ellis, Haskell, Finney, Barton, Russel, and Rook counties.
We buy mineral rights in the following Kansas counties:
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Overview of Kansas Mineral Rights
Kansas has a long history of oil and gas production – going back to the 1860s and continuing through 2022. Kansas oil and gas production is typically found in the southwest and central parts of the state and mostly consists of conventional (vertical) wells, including many stripper (or marginal) wells that produce less than 15 barrels of oil or 90 MCFs of natural gas per day. Marginal wells account for 39% of the oil and gas production in Kansas!
According to ShaleXP, Kansas ranks #14 (out of 24) and accounts for 1.07% of US oil and 0.48% of US gas production.
Kansas Mineral Rights Value
What are your Kansas mineral rights worth?
Producing Kansas royalties are typically valued as a multiple of the monthly revenue or with a more modern and sophisticated modeling system.
Rule of Thumb
Unless the well or wells are very new or about to be plugged, the rule of thumb is 2-4 years of revenue. Whether the value is closer to the 2-year mark or the 4-year mark will depend on a variety of factors, such as location, production volume, commodity prices, lease terms, operator, and the likelihood of future drilling.
Modern Valuation Method
In a more common and modern valuation method uses public production data, declines, operator deductions, and other factors to forecast future revenue at a given commodity price scenario. Most mineral buyers use the Modern Valuation Method.
Non-Producing Minerals
Non-producing Kansas mineral rights can be valued by multiplying the number of net mineral acres (NMA) that you own by the going lease rate, which is often the lease bonus.
Request an Offer
The best way to determine the value of your mineral rights is to request a quote. We will be happy to evaluate your minerals and provide you with a quote. Don’t worry – requesting a quote does NOT obligate you to sell.
How Do I locate My Kansas Mineral Rights?
Kansas recently updated its interactive map. It’s much more user-friendly, making it a breeze for mineral and royalty owners to find the information they need!
Knowing your legal description makes it easy to locate your oil and gas wells. Not sure where to find the legal description? It’s on your property deed and your oil and gas lease.
Kansas uses the Public Land Survey System (PLSS), so your legal description will consist of a section, range, and township.
Need more help? Contact us, and we will be happy to look it up for you!
Us KGS’s GIS map to:
- Locate wells
- View well info (depth, dates, fields, operator, etc.)
- View well status (active, plugged, water flood, dry holes, etc.)
- View production history
- And more
A Brief History of Oil & Gas Development
in Barton County, Kansas
Kansas ranks #14 (0f 24) for United States oil and gas production. Kansas produces 1.07% of the oil and 0.48% of the gas produced in the United States.
According to the Kansas Geological Survey, the top ten Kansas oil fields produce 15% of the state’s oil while the top ten gas fields produce 74% of the state’s gas.
The largest field is the Hugoton Gas Area, covering Haskell, Finney, Stevens, Grant, Kearny, Stanton, Morton, and Seward Counties, all located in South Western Kansas.
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Top Oil Fields
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Top Gas Fields
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Image source: University of Kansas (Kansas Geological Survey)
How We Value Mineral Rights
There are many factors that play into the value of mineral rights. These include location, producing vs. non-producing properties, current oil and gas prices, well production figures, lease terms, and even the operator of the well or wells. We also look at the risks of buying and owning minerals that you are interested in selling.
Location
Minerals in the hottest shale plays are more valuable than those in older fields with conventional wells.
Producing vs. Non-Producing
Producing minerals are often worth more than non-producing minerals because they are generating revenue.
Oil & Gas Prices
When oil and gas prices drop, revenue drops, and sometimes operators are unable to continue operating the well.
Production
Highly productive wells (and off-set wells) can increase the value of your minerals.
Lease Terms
Favorable lease terms (such as a 25% royalty reservation) positively impact the value of the leased minerals.
Operator
A small number of operators are unethical, and their reputation automatically devalues your minerals.
Why Sell?
Why People Sell Their Mineral Rights
I am putting my affairs in order. I don’t want to burden my kids with the hassle of transferring ownership and managing small mineral rights. When my sister passed away, my niece and nephew had to hire an attorney to help them with the minerals. I don’t want my kids to go through that.
I inherited my mineral rights so they were sentimental, but I don’t really want to bother with managing them and filing extra tax returns. I decided to sell and use the money as a down payment on my house.
I had no idea how fast the oil production would decline. My checks are only 20% of what they were a few years ago. I should have sold my mineral rights when the wells were brand new and still generating huge royalties.
My oil wells have been producing for decades and the reserves are almost depleted. Once the wells are plugged, the value will be significantly lower. I’d rather cash out now.
I inherited mineral rights, but don’t want to be involved with fracking and fossil fuels. I would prefer to support renewable energy and do my part to reverse climate change.