Madison mineral rights in Sheridan County

Free written valuation

What are your Sheridan County 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.

Leave this field blank

State Choose a state LouisianaTexasNew MexicoOklahomaNorth DakotaColoradoPennsylvaniaWest VirginiaOhioWyomingKansasArkansasMontanaUtahCaliforniaAlaska Other

Your name

Email (required to send your valuation)

Mailing address

Add details (optional) — helps us make you a faster, better offer

What kind of interest do you own? Not sure Producing — I get monthly or quarterly checks Leased but not producing — bonus paid, no checks yet Not leased / not producing — I just own the minerals I am not sure

County

Operator / who sends your checks

Average monthly royalty check (last 3 to 6 months) Prefer not to say $0 (not producing) $1–$100 $100–$500 $500–$2,000 $2,000–$10,000 $10,000+

Your check is the single fastest path to a value range. Fill the acres below instead if you do not get checks.

Net mineral acres

Royalty fraction Not sure 1/8 (12.5%), historical standard3/16 (18.75%), modern standard1/5 (20%), common in the Permian1/4 (25%), hot plays1/6 (16.67%), federal minimum since 2022

Unit size (acres)

Interest type, if you know it Not sure Royalty interest The minerals themselves Overriding royalty (ORRI) Working interest Non-participating royalty (NPRI)

How did you come to own it? Prefer not to say Inherited it Kept (reserved/severed) when family sold the land Purchased it

Phone (optional)

I agree that Ironwood Royalty may contact me by phone and text at the number I provided about the value of my mineral rights, including by automated means. Consent is not a condition of getting my valuation. Message and data rates may apply. I can opt out anytime by replying STOP.

I agree that Ironwood Royalty may email me my valuation and information about my mineral or royalty interest. I can unsubscribe at any time.

Ironwood Royalty buys mineral and royalty interests directly from owners. The valuation we send is an estimate, not an offer and not an appraisal. By submitting you agree to our Privacy Policy and to how your information is used. You can request deletion of your information at any time. Privacy Policy.

Send me my written valuation

The Madison is one of the formations state oil and gas commission records show producing in Sheridan County, Montana. It is not the only zone here: Sheridan County also produces from Bakken, and Three Forks , which can mean a single tract is paid from more than one producing zone.

Madison activity in Sheridan County

State commission records show 83 active oil and gas wells across Sheridan County as of the most recent drilling on record, spudded in 2011. These figures describe the whole county, not any one owner's interest.

Operators active in Sheridan County

The most active operators in Sheridan County by well count, from the state commission. We name operators because the record is public; this is not an endorsement and implies no relationship.

• Northern Oil Production, INC. (26 wells)
• WY Basin Operating LLC (15 wells)
• Rim Operating, INC. (6 wells)
• Granite Creek Energy LLC (6 wells)
• Kraken Operating, LLC (5 wells)

What the Madison means for your minerals in Sheridan County

A formation name on your royalty statement or division order does not change how your interest is valued. What matters is the income your wells actually pay: average your last three to six royalty checks, then apply the standard multiple of 36 to 72 times your average monthly check, the same as 3 to 6 times your annual royalty. Where you land in that band depends on how fast your Sheridan County wells decline, the operator, your royalty rate, and any undeveloped drilling upside. For the full method and a free on-screen estimate, see what are my mineral rights worth.

See the full picture for Sheridan County , part of Montana, or the Williston Basin it sits in. For the Madison's full footprint across every county we cover, see the Madison formation guide.

Madison in Sheridan County questions

Does the Madison produce in Sheridan County?

Yes. State oil and gas commission records list the Madison as a producing formation in Sheridan County, Montana, part of the Williston Basin, with 83 active wells on record countywide.

What are Madison mineral rights worth in Sheridan County?

Producing interests in Sheridan County are valued on the standard income multiple, roughly 36 to 72 times your average monthly royalty check. This is an estimate, subject to verification of your specific interest, not an offer.

Who buys Madison mineral rights in Sheridan County?

Ironwood Royalty buys Madison mineral and royalty interests in Sheridan County directly from owners as a principal buyer, so the offer comes from us and no broker commission is taken from your proceeds.

See what your Sheridan County Madison 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 never any pressure.

Get my free valuation Talk to a person

• ✓ No commission, ever
• ✓ An honest range up front
• ✓ No obligation, no pressure