There is a major problem with estimating value based on the price per acre.

The problem is that the price per acre varies significantly from one side of the county to the other side.

In addition, the price per acre varies significantly from one tract of ownership to the next depending on the upside potential, how many wells have been drilled, and how old the wells are.

Why is the average price per acre range so large?

The reason the average price per acre for oil and gas mineral rights is so large is because there are many factors that affect the value.

Certain parts of a county may have significant oil and gas reserves.  Other parts of the county may hold far less oil and gas making that area less valuable.

Let’s look at Glasscock County Texas as an example.

In the map below, all active production is in green.  The blue wells are new drilling which is not yet online but will be soon.

If your ownership falls within the red circle, you are in one the best parts of Glasscock county.  You can expect a high price per net mineral acre when you sell your mineral rights.

This is because all of the current drilling is taking place here.  There is better production from this side of the county.  This means higher prices for you as a mineral owner.

The average price per acre for mineral rights within the blue circle is going to be substantially lower.  Why?

The reason is that there is some old vertical production but no horizontal drilling.  This is due to less oil and gas being available for extraction in this location.

In the red circle, you may get something like $10,000 to $15,000 net mineral acre where the person in the blue circle might get something like $1,000 per net mineral acre.

This is why looking at the average price for oil and gas mineral rights in a county does not work.

It varies significantly from one side of the county to the other.  In addition, even the ownership within the red circle could see the value as low as $2,500/acre or as high as $20,000/acre depending on the specific activity on your tract.

New Mexico is another powerhouse in oil and gas, and the average price per acre in New Mexico often reflects that strength.

Did you know that New Mexico has the second highest amount of oil and gas rigs running in the United States?   The Permian Basin spills over the border into New Mexico leading to a large amount of oil and gas production in this state.

In New Mexico, the average price per acre for mineral rights is between $2,000 to $15,000 per acre, but in top-tier zones with active permits or drilling, prices can climb well above $15,000.

Here are the current top five New Mexico counties by active rig count:

• Lea County

• Eddy County

• San Juan County

• Chaves County

• Roosevelt County

These counties dominate in drilling and production, and the average price per acre in New Mexico within these top counties is higher than other parts of New Mexico.

Statewide averages are useful, but they don’t reflect the real value on the ground.  Many counties in New Mexico have zero oil and gas value.

That’s why it’s crucial to compare offers directly rather than rely on generic averages. The true value is what buyers are willing to pay for your specific acreage.

If you’ve already received an offer, don’t accept before reviewing the market first. At Texas Royalty Brokers, we will help you gather competitive bids across New Mexico, so you can see just how your offer stacks up and maximize your return.

Oklahoma continues to be a strong market for oil and gas production, and the average price per acre in Oklahoma reflects that activity.

In Oklahoma, mineral rights typically sell in the range of $50 to $5,000 per acre.

However, in prime locations with active permits or ongoing drilling, prices can exceed $5,000 per acre.

These higher value areas tend to attract competitive bidding and interest from serious mineral buyers. While statewide averages can be useful, the value of your mineral rights really comes down to where they’re located and how active the area is.

Here are the top five oil producing counties in Oklahoma:

• McClain County
• Garfield County
• Creek County
• Grady County
• Osage County

If your mineral rights are located in one of these counties, there’s a chance they’re worth more than the state average.  Even within these top areas, prices can vary drastically depending on things like lease status, well production, and nearby drilling activity.

That’s why it’s important to never rely solely on average figures. Every location is different, and getting competitive bids is the best way to uncover the true value of your mineral rights.

If you’ve received an offer, don’t jump on it without checking the market first.

At Texas Royalty Brokers, we can help you get multiple bids from qualified buyers, so you know you’re getting top dollar with less hassle. Reach out to us today to see what your mineral rights in Oklahoma might really be worth.

North Dakota remains a major player in U.S. oil production, and the average price per acre in North Dakota reflects that strength.

In North Dakota, the average price per acre for oil and gas mineral rights is between $500 and $7,500 per acre.  In prime zones with active permits or drilling, prices may climb even higher.

These higher values are usually tied to counties with active rigs and robust output, where competition for mineral rights is strongest.

The statewide averages only tell part of the story.  What really matters is where your acreage sits and the activity on your specific acreage. 

Here are the top five North Dakota counties based on rig count and production:

• McKenzie County

• Dunn County

• Williams County

• Divide County

• Mountrail County

These counties dominate oil production, together accounting for around 96% of the state’s output. That activity drives the average price per acre in these counties to the high side of the average.  In some cases, you can sell mineral rights in North Dakota well over the $7,500/acre.

But even within these top counties, offers can vary greatly depending on factors like lease terms, proximity to wells, and infrastructure access. That’s why relying solely on averages can leave money on the table.

If you’ve received an offer for your mineral rights, consider obtaining multiple bids before deciding. Texas Royalty Brokers can help you compare offers from qualified buyers, ensuring you get top dollar for your acreage.

Colorado offers a range of opportunities when it comes to mineral rights, and the average price per acre in Colorado reflects that diversity.

In Colorado, the average price per acre for mineral rights is between $50 and $5,000 per acre, but in areas with active drilling or new permits, prices can climb significantly higher.

The average price per acre in Colorado varies dramatically depending on rig count, infrastructure, and recent production. The best areas with rigs and permitting activity are where competition drives prices upward.

Here are the top five Colorado counties by rig count and production activity:

• Weld County

• La Plata County

• Rio Blanco County

• Moffat County

• Garfield County

Weld County leads the pack.  Weld County is Colorado’s number one producer in barrels of oil equivalent, thanks to the Denver-Julesburg Basin.  The others—La Plata, Rio Blanco, Moffat, and Garfield, also see strong rig activity, especially in places like the San Juan and Denver Basins .

In these top counties, the average price per acre in Colorado tends to land near the upper end of the $50–$5,000 range.  In some prime locations, prices can even go beyond that. But remember, market averages don’t account for specifics like lease terms, well performance, or proximity to pipelines.

That’s why if you’ve received an offer to sell your mineral rights, you should explore multiple bids before making a decision.

Texas Royalty Brokers can streamline that process and ensure you’re getting the best possible deal.

There’s no true average price per acre for mineral rights.  It all depends on location, activity, and a range of other factors.

That’s why it’s so important to get expert guidance before accepting any offer.

At Texas Royalty Brokers, we specialize in helping mineral owners get competitive bids from serious mineral buyers. Our team handles the entire sales process for you, from gathering offers to navigating paperwork, so you can focus on getting the best deal with less hassle.

Contact us today for a free consultation and find out what your mineral rights might really be worth.   Simply fill out the form below and our team will quickly be in touch.