Sell Powder River Basin mineral rights and royalties
Powder River Basin spans Wyoming and Montana. Here is what interests there are worth, the value bands by type, and how to sell directly to a buyer with no commission. Every figure is an estimate subject to verification of your specific interest.
Last updated June 2026.
What are Powder River Basin mineral rights worth?
Producing Powder River Basin minerals are typically worth 36 to 72 times your average monthly royalty check, the same income multiple used across the industry. The Powder River splits into an active tight-oil core and a mature, mostly depleted coalbed methane gas area, so value is very location-dependent. As a broad industry rule of thumb, producing royalties tend to fall somewhere in the range of 36 to 72 times the average monthly royalty check, with horizontal oil interests in the active core often supporting the upper part of that band and older CBM gas interests sitting much lower. This is an estimate, not an offer. Any real figure depends on verifying your net mineral acres, decimal interest, and recorded title. Wyoming and Montana lease terms differ, so per-acre revenue is interest-specific.
Free written valuation
What are your Powder River Basin minerals worth?
Tell us about your interest and where to send the written valuation. It is free, there is no obligation, and this is an estimate, not an offer. Email is required so we can send your report. Phone is optional.
The Powder River Basin covers northeast Wyoming, including Campbell, Converse, Johnson, and Sheridan counties, and extends north into southeast Montana. It carries two very different oil and gas stories. The first is a modern tight-oil play, where operators drill horizontal wells into stacked targets like the Niobrara, Frontier, Mowry, and the Shannon and Sussex sandstones, concentrated in Converse and Campbell counties. The second is the basin's legacy coalbed methane gas, produced from the Fort Union coals including the thick Wyodak and Big George seams, which drove a large boom in the 1990s and 2000s and has since faded sharply with low gas prices. So the basin is genuinely mixed: an active oil-weighted core alongside a mature, largely depleted gas province. Operators on the oil side have included EOG Resources, Devon Energy, Continental Resources, Anschutz, and Chesapeake. For mineral owners, what an interest is worth here depends heavily on which of these two stories your acreage falls into.
Powder River Basin is covered on our state hubs for Wyoming and Montana , with the state-specific royalty and title notes that affect value there.
Powder River Basin oil and gas by the numbers
We cover 7 counties and parishes in the Powder River Basin, with public state-commission records showing 38,886 active wells across 7 of them. The most active operators by well count are Carbon Creek Energy LLC , EOG Resources INC , High Plains Gas LLC , Anadarko E&P Onshore LLC , and Devon Energy Production Company LP . Producing formations on record in the Powder River Basin include Big George coal, Fort Union coal, Frontier, Minnelusa, Mowry, Muddy, Niobrara, Red River, Shannon, Sussex, Wyodak coal.
Powder River Basin value bands
Reference ranges for Wyoming and Montana, all estimates subject to verification:
- Producing royalties, oil core: 36 to 72x average monthly royalty (Cross-firm income multiple, directional; active horizontal oil often upper band)
- Producing royalties, legacy CBM gas: lower end of the range (Mature, largely depleted gas; directional, not a guaranteed value)
- Non-producing, leased: 2 to 3x the most recent lease bonus (Directional marketing claim, not a hard number)
These are starting points, not offers. Where your interest actually lands depends on your decline curve, undeveloped upside, operator, royalty rate, and title. The fastest way to see your own number is to run the free estimator.
Counties and parishes we buy in Wyoming, Montana
We buy mineral and royalty interests across the Powder River Basin. Choose your county or parish for local value context and the questions owners there ask most.
Why owners in the Powder River Basin sell
Most owners who sell are not in distress. They want certainty instead of a check that rises and falls with commodity prices and well decline, they are settling an estate among several heirs, or they live far from the basin and would rather hold cash than manage a fractional interest. Selling trades future income for a sum now, and the right answer depends entirely on your situation. We will tell you honestly when holding is the better move.
How to sell Powder River Basin minerals the right way
Know your range before you talk to any buyer, ask every buyer to quote per net royalty acre so offers are comparable, and ask directly whether the offer accounts for undeveloped drilling upside. For the full walkthrough, see how to sell mineral rights, and if you inherited the interest, start with our guide for heirs.
Powder River Basin questions, answered plainly
- How much are Powder River Basin mineral rights worth?
- Producing Powder River Basin minerals are valued on a multiple of your royalty income, roughly 36 to 72 times your average monthly check. The Powder River splits into an active tight-oil core and a mature, mostly depleted coalbed methane gas area, so value is very location-dependent. As a broad industry rule of thumb, producing royalties tend to fall somewhere in the range of 36 to 72 times the average monthly royalty check, with horizontal oil interests in the active core often supporting the upper part of that band and older CBM gas interests sitting much lower. This is an estimate, not an offer. Any real figure depends on verifying your net mineral acres, decimal interest, and recorded title. Wyoming and Montana lease terms differ, so per-acre revenue is interest-specific.
- Who buys Powder River Basin mineral rights and royalties?
- Ironwood Royalty buys Powder River Basin mineral and royalty interests directly from owners as a principal buyer, so the offer comes from us and no broker commission is taken from your proceeds. We show an honest value range before asking for anything.
- How fast can I sell Powder River Basin minerals?
- A clean, single-owner producing interest commonly closes in 15 to 30 days, with a written offer in 1 to 3 business days. Multi-heir or unrecorded title can take 60 to 90 days while the chain of title is cleared.
See what your Powder River Basin minerals could be worth
Run a free estimate for an honest on-screen range, then talk it through with a real person. An estimate, not an offer, and no pressure.
- ✓ No commission, ever
- ✓ An honest range up front
- ✓ No obligation, no pressure