Oil and gas producing leaseholds are a unique class of property and highly technical to appraise. The appraisal of mineral producing property determines the present worth of future benefits to be derived from recoverable oil or gas reserves.
Each year our petroleum engineering and appraisal staff updates appraisals of producing properties to accurately reflect changing conditions. Current reservoir levels, price of products, production rates and operational costs are utilized in the income and market data approaches to determine current market value.
Thomas Y. Pickett has a long and notable record of mineral appraisal service to our clients. We have served many of these clients over a span of eighty years.