Download or read book The Appraisal of Mineral Rights written by MR Terrel L Shields and published by CreateSpace. This book was released on 2015-04-12 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Appraisal of Mineral Rights is a meant as a guide to valuing minerals, particularly oil and gas properties, as real property interests. Most valuation books related to mineral rights focus on setting values for industry specialists. Those emphasize the techniques that oil and gas professionals apply when creating documents for SEC filings, or internal valuation related to deciding which prospects to drill. This work is intended for the appraiser, the real estate agent, and the average mineral owner who needs a valuation that can be used for internal estate management, for valuation related to estate or income taxes, or to evaluate an offer made to purchase the mineral right. Such appraisals should conform to the Uniform Standards of Professional Appraisal Practice (USPAP) rather than be an engineering text. Portfolios of mineral rights, working interests, and over-riding royalty interests are intangible business interests. This book explores the passive interest of actual real property. It is the fee in mineral or the leased fee that is explained. The book starts with a brief history of petroleum valuation and the development of the techniques commonly applied to the appraisal of a mineral interest. It breaks down the legal and appraisal terminology into simple explanations. The lease is dissected and each part of lease terminology is explained. Pooling and divisions of interest are explained. The more technical aspects of valuation are reserved for the last half of the book applying the standard appraisal approaches to value in addition to the application of methodologies unique to minerals. The author ends the book with his commentary on the boom - bust cycle of oil exploration and an exploration of the relationship between earthquakes and fracking.
Download or read book Oil Property Valuation written by Paul Paine and published by Kellock Robertson Press. This book was released on 2008-11 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil Property Valuation By PAUL PAINE. PREFACE: Published accounts of the valuation of oil properties have been con cerned chiefly with the important element of the oil and gas contents of lands. Less attention has been given to those other influences which affect the value of the oil and gas, to the various valuation methods appropriate to different circumstances, and to the forms in which oil properties occur. The aim here is to help close that gap, especially for the younger engineers, with a review of the meaning and scope of valuation in the oil business, the factors which enter a valuation, and the methods of applying these. Questions which arise in valuation practice and the avenues of solution are discussed rather than efforts, in these days of rapid changes, to provide specific answers and detailed lists of equip ment costs. And thanks should be recorded here to H. K. Armstrong, Ernest K. Parks, and Robert Moore, who have done much to improve the original manuscript of this book. PAUL PAINE LOS ANGELES, CALIF. August, 1942 Contents include: CHAPTER I: THE SCOPE OF VALUATION Introduction Meaning of value Purpose The specific date Classes of valuations Valuation methods Relation of the appraiser to his employer. CHAPTER II PROPERTIES 13 Classes Unproved lands Proved lands Forms of ownership Fee Mineral rights Surface rights The lease The prospecting permit Contingent payment Carried in terest Fractional interest Drilling contract Unit project Royalty interest Land descriptions Listing of proper ties Definitions. CHAPTER III UNPROVED LANDS 44 Measures of value The lease Selection rights The toplease The salt dome Deep sand prospects Royalty. CHAPTER IV OIL AND GAS RESERVES 65 Definitions Depletion Occurrence of oil and gas The reservoir Reservoir measurements Estimates Volumetric method Decline curve method Irregularities in curves Additional oil recoveries The salt dome Natural gas Saturation method Pressure decline method Casinghead gas Gas distillate Well spacing. viii CONTENTS CHAPTER V PAGE ELEMENTS IN A VALUATION 98 The oil Marketing The gas Casinghead gas and natural gasoline Costs for acquisition, development, opera tions, taxes, and overhead Present worth Unit projects Marginal properties. CHAPTER VI VALUATION METHODS 138 The engineering or analytical method The payout The daily barrel The well as a unit The barrel in the ground For the lender The royalty Fair market value. CHAPTER VII THE EXAMINATION AND REPORT 174 The data Examination Accounting The balance sheet Profit and loss statement The report Contents Check lists Reports for regulatory bodies. INDEX 197. CHAPTER I: THE SCOPE OF VALUATION. The petroleum industry is the one circus bigger inside the canvas than on the posters. Sketches in Crude Oil, by JOHN J. McLAURiN The principal factors in the valuation of a producing oil property are the estimates of 1 the recoverable oil 2 the profits to be ob tained from the extraction of this oil 3 the resulting values under various conditions. The value of nonproducing acreage is more simply ascertained. This work is concerned with these topics, with less emphasis on the subject of estimating the oil reserves. Most of the recorded study relating to the subject has been directed toward the estimation of the recoverable oil and gas, called the oil and gas reserves, and has had its inception in tax situations and the accom panying accounting matters. The derivation of the worth of these reserves, expressed in dollars, has received less attention. However, the dollar values of oil properties have been of concern to the leaders in the industry since its beginning. Before Colonel Drake put down the first successful well that was drilled for oil in the United States, he prevailed upon the landowners to reduce the royalty rate to one-third of that stipulated originally in the lease...
Download or read book The Valuation of Oil and Mineral Rights written by International Association of Assessing Officers and published by . This book was released on 1972 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New Estimates of the Value of Federal Mineral Rights and Land written by and published by . This book was released on 1984 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Examination and Valuation of Mineral Property written by Charles Homer Baxter and published by . This book was released on 1957 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New Estimates of the Value of Federal Mineral Rights and Land written by Praveen Kumar and published by . This book was released on 1986 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We calculate a time series of the value of federal mineral rights in oil and natural gas by using various estimates of proven and unproven reserves and time series on federal government royalties and bonus payments. We also present estimates of the components of the revaluation of this series through time.The results are striking. Federal mineral rights are the single largest item in a complete balance sheet of the federal government, dominating the total value of tangible capital or financial assets. In 1981, for example, we estimate that the value of federal oil and gas rights exceeded $800 billion, which was larger than the privately held national debt. The paper also presents estimates of various confidence bounds on the value of oil and natural gas. The methodology can be extended to other minerals, although we have not done so; our estimate is a lower bound on the total value of all mineral rights.The paper also expands and extends previous estimates of the value of federal land. New data, and attention to the detailed decomposition of federal land holdings by type, lead to substantially larger estimates of the value of federal land than have been presented in previous research. Our estimate is that by 1981, the total value of federal land was $175 billion
Download or read book Oversight of the Minerals Management Service s Royalty Valuation Program written by United States. Congress. House. Committee on Government Reform. Subcommittee on Government Management, Information, and Technology and published by . This book was released on 2000 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book 106 1 Hearing Oversight Of The Mineral Management Services Royalty Valuation Program May 19 1999 written by and published by Agriculture Department. This book was released on 2000 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Royalties Within Reach written by Nils Olson and published by Olsen Consulting, Incorporated. This book was released on 2014-11-30 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: A handbook for mineral owners to understand all aspects of owning minerals rights, including: leasing, calculating royalties, tracking activity, etc. The book empowers mineral owners to manage their mineral rights and maximize their value.
Download or read book The Taxation of Petroleum and Minerals written by Philip Daniel and published by Routledge. This book was released on 2010-04-15 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil, gas and mineral deposits are a substantial part of the wealth of many countries, not least in developing and emerging market economies. Harnessing some part of that wealth for fiscal purposes is critical for economic development: in few areas of economic life are the returns to good policy so large, or mistakes so costly.
Download or read book The Ownership and Valuation of Mineral Property in the United Kingdom written by Richard Augustine Studdert Redmayne and published by . This book was released on 1920 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mineral Valuations of the Future written by Charles Kenneth Leith and published by . This book was released on 1938 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ownership Distribution and Value of Mineral Rights in Producing Oil Fields of Oklahoma written by Robert Lee Lacy and published by . This book was released on 1949 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Natural Resources Code written by Texas and published by . This book was released on 1978 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Fiduciary s Approach to Valuing Michigan Oil and Gas Interests written by David C. Jecmen and published by . This book was released on 1976 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Law of Oil and Natural Gas written by Alfred Ernest Wilkinson and published by . This book was released on 1915 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Valuation of Oil and Gas Lands written by Robert Wesley Brown and published by . This book was released on 1924 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
