In the U.S., private individuals can own subsurface minerals, allowing people to sell, extract and explore an area for minerals without government approval. Owning land does not necessarily mean you own the minerals beneath your property’s surface. Sometimes, mineral rights are sold separately from the land’s property rights — known as a split estate. This is also the case in the Cowboy State of Wyoming. Split estates are prevalent in Wyoming because of the land’s natural resources. Wyoming is rich in natural oil and gas deposits, making mineral ownership in the region especially lucrative and desirable. Are you interested in selling your minerals or mineral royalties in Wyoming? Contact us today for a free valuation. Wyoming Oil and Gas Resources Wyoming contains a number of oil and gas fields and basins that produce a significant amount of hydrocarbons. These basins spread throughout the state – in fact, 21 out of 23 counties in Wyoming are oil and gas producers! Altogether, Wyoming contains around 943 million barrels of oil, which translates to about 2.4% of U.S. oil reserves. Additionally, Wyoming contains an excess of dry natural gas, equal to about 4.9% of dry natural gas in the U.S. Wyoming Oil and Gas Industry Wyoming ranked eighth nationally in crude oil and natural gas production in 2021, making the oil and gas industry the biggest in the state. Around 20,000 Wyoming residents work in the oil and gas industry, contributing $1.23 billion to the state government in 2020. Out of the hundreds of holes drilled in Wyoming, 50% found oil, and 37% found gas. According to these figures, the Wyoming oil and gas industry is the most profitable sector in the state. As a result, owning mineral rights in Wyoming is especially lucrative. Mineral ownership has previously led to clashes between landowners and mineral rights owners over the years because of the potential profit margins. Most Important Regions in Wyoming In Wyoming, certain regions contain more gas and oil than others which can be traced back to ancient shallow seas. Some areas in Wyoming that are rich in oil and gas include: Powder River Basin: Although known more commonly for its coal deposits (it supplies about 40% of coal in the U.S), the “PRB” has become a significant horizontal oil play and is home to some of the US’ top operators. The Bighorn Basin: This basin is in north-central Wyoming. It is a significant petroleum source, as it has produced more than 1.4 billion barrels of oil since the 20th century. Wind River Basin: This basin is located in central Wyoming, and is home to Wyoming’s first oil well (Mike Murphy #1), containing over 60 oil and gas fields. Greater Green River Basin: This basin is in southwestern Wyoming and boasts 30 different natural gas fields, namely the Jonah Field, Pinedale Anticline, Washakie Basin, Moxa Arch. If you own mineral rights in one of these regions, they may be valuable on the open market. A mineral rights valuation will help you determine how much your minerals are worth. Additional Wyoming Mineral Rights Facts Wyoming’s oil reserves make up 2% of all U.S. oil reserves. The first oil well in Wyoming was drilled in 1884. The first refinery built in Wyoming was in Casper and began producing crude oil in 1895. How to Find Mineral Rights Ownership in Wyoming If you’re a Wyoming resident and don’t know if you own your mineral rights underneath your land or need to know how to sell your mineral rights, let us help! At Flat River Minerals, we specialize in the mineral industry, so you can count on us to dig up any information about your mineral rights. To determine if you have mineral rights in Wyoming, you will need to conduct a mineral rights search. If you are a Wyoming mineral rights owner and want to know how much your minerals are worth, you can contact us for a free valuation. Keep your minerals in Wyoming and fill out one of our free mineral rights search forms to start your search today! Contact Us For A Free Mineral Valuation
The Powder River Basin, or PRB, has a fascinating natural history and is a leading source of coal in the United States. One of the most resource-rich areas in the United States, the Powder River Basin is home to large reserves of coal, natural gas, crude oil and more. The Powder River Basin is approximately 120 miles wide and 200 miles long. What Is the Powder River Basin? The Powder River Basin in Wyoming refers to lower-elevation lands that reach from the Bighorn Mountains in north-central Wyoming to the Black Hills that sit on the Wyoming-South Dakota border. The Powder River Basin is home to the largest coal reserves in the U.S. Sixteen mines in the Powder River Basin produce approximately 43% of coal in the United States. In the 1970s, the Powder River Basin coal boom began, attracting the attention of many coal mining companies. As the coal mining boom continued to develop, energy developers learned how to extract and market coalbed methane, a natural gas found in underground coal seams. From the 1990s to the early 2000s, companies drilled more than 20,000 wells on public and private land that the federal government owns the mineral rights to. Oil and Gas in the Powder River Basin The Powder River Basin is a geologic structure known for its extensive coal reserves and rolling grasslands. It is also a topographic basin drained by the Bighorn River, Tongue River, Little Missouri River, Powder River, Cheyenne River and their tributaries. The area plays an essential role in mining, developing and distributing coal and other minerals. Geological History of the Powder River Basin The thickest section of the Powder River Basin comprises Cretaceous rocks with a regressive sequence of largely sandstones and marine shales. Approximately 60 million years ago, plants began forming peat beds, which later became compressed into layers of coal. The basin’s current shape developed from the rise of the Hartville uplift and the Black Hills uplift. The land here was once at the bottom of a shallow sea, which collected organic materials for millions of years. Over time, this material turned into sub-bituminous coal that is lower in polluting sulfur than that found elsewhere. Most coal deposits in Wyoming formed during the Cretaceous and Paleogene periods. As the climate shifted, it became dry and cool, and erosion eventually left only a few feet of land covering the coal seam in the Powder River Basin. This closeness to the surface makes the coal in this area much easier and less expensive to mine. The Coal Boom of the 1970s While the initial coal boom in the basin began in the 1970s, it didn’t become the nation’s leading source of coal until the 1990 amendment of the Clean Air Act. This amendment required lower sulfur levels, leading the basin’s sub-bituminous coal and low-sulfur bituminous to become the dominant fuel for generating heat, power and electricity. The federal government owns most of the land within the basin, and the Bureau of Land Management leases it out. Most coal from the Powder River Basin supports the country’s electric power generation. In the 1990s, many coal power plants switched to sub-bituminous coal because of its relatively low sulfur content. Today, the Powder River Basin has yielded more coal than the Appalachian basins. Powder River Basin Oil and Gas In addition to coal, there are extensive petroleum deposits throughout the Powder River Basin, including the Salt Creek Oil Field. The gas and oil developed from rocks ranging from the Pennsylvanian to Tertiary periods. The majority comes from the sandstones within the thicker portions of Cretaceous rocks. Oil and gas production has seen a resurgence, primarily in the Wyoming section that has historically been the source of the basin’s oil. Powder River Basin Oil Companies and Operators Numerous Powder River Basin oil fields operate throughout the region, providing various services from mining operations to mineral and royalty acquisitions. Flat River Minerals is a leading Powder River Basin operator that works across the oil- and gas-producing regions of Wyoming and North Dakota. Flat River Minerals The Flat River Minerals experts have spent their careers on the exploration and production side of the oil and gas industry. We focus on acquiring mineral and royalty interests in the surrounding Rockies regions. If you own property in Wyoming or the Dakotas, you may also own the rights to the minerals beneath the surface. The good news is that it’s possible to sell these rights and still maintain ownership of your above-ground property via a severed estate or a royalty arrangement. Consider these benefits of selling your mineral rights. Lump-sum payment: One primary advantage of selling mineral rights is that you will receive lump-sum compensation, which can be beneficial for a large purchase. With time, depleting gas or oil interests may lose their value. Selling mineral rights allows you to benefit from your royalties’ current value and capitalize on today’s market prices. Facilitate estate management: Another benefit of selling your mineral rights is simplifying the estate management process. If you are liquidating or consolidating an estate, it can be tricky, expensive and time-consuming to transition your assets to your heirs. Selling your mineral rights and distributing cash assets is a more efficient and cost-effective way to manage your estate. Reduce uncertainty of future royalty streams: Many mineral rights owners face long-term uncertainty surrounding the value and benefits of holding onto mineral rights. Because these royalties’ value is not within your control, it can make financial planning more challenging to navigate. Selling your mineral rights and royalties is an effective and reliable way to benefit from these financial assets. Lower taxes: The owners of mineral rights are often subject to several taxes, making these assets less valuable. Selling these mineral rights can reduce the need for you to keep track of account data and prepare various accounting statements and tax returns. Premier Mineral and Royalty Acquisition Company At Flat River Minerals, we are proud to offer reliable, fair and accurate mineral rights valuations driven by engineering, geology and drill timing. Our team of experts is pleased to maintain genuine relationships at every business level, including prominent executive teams and large ranchers. Our goal is to do what is right, not what is easy. We are a Wyoming-based company dedicated to keeping your minerals at home in the Cowboy State. Get started with a free oil and gas valuation today and contact us online or call us today at 307-429-0093.