Hi all. I’m not sure if this is the correct place to post this but here goes. My brother and I have inherited all mineral rights several parcels of land in Montana. We live in different states. A few are currently in production which we get royalty checks for. We have a company interested in purchasing them but we don’t know how to get a valuation for them. Any help would be quite appreciated.
We don’t own the surface and we don’t know the quantity of the acreage. We are also looking for help on how to figure out the quantity of acreage.
@lmsnipes777, you can get an approximate acreage by
the standard sizes of your description:
NE/4 = 160 acres,
SE/4 NW/4 = 40 acres,
N/2 SE/4 = 80 acres,
SW/4 SE/4 = 40 acres,
For a total of 320 surface or gross acres.
Assuming the 33.33% is your mineral
ownership percentage then this would
give you 106.7 mineral acres.
With the Township & Range you can look up more
exact acreages for that Section 11, but the total
isn’t going to vary by much.
You can check the Montana Oil & Gas Information
site MontanaOG
for any existing activity in your section.
This is incredibly helpful. Can you tell me how you got the numbers? I have about 47 more descriptions just like that and need to translate. Thank you so much. Truly.
@lmsnipes777, a standard PLSS section
is 640 acres, so a quarter section like NE/4
is 160 acres, and a quarter-quarter section
like NW/4 NE/4 is 40 acres and so on.
You can look up PLSS (Public Land Survey
System) to get more complete info.
Not all sections are standard as some
are correction sections, or are special due
to lakes or rivers or state boundaries, etc.
Usually the difference is small, but in some
cases it is significant. Many GIS maps
will show the sections and sub sections
and this can be helpful in seeing if the
section is standard or not.