There’s a certain auction website (who would benefit from you NOT getting an independent appraisal…) claiming mineral appraisers would be out there making loads of money if they knew how much these minerals were actually worth.
Well, news flash: that’s exactly what happens.
Most appraisers work for the industry (as in Chevron, Shell, Exxon, large mineral buyers, etc) and, yes, are making those companies loads of money. Petroleum Engineers and Petroleum Geologists have some of the highest salaries in the technical world for a reason. They aren’t called “mineral appraisers” in the industry, but these professionals know more than anyone how much oil and gas is underground, the risks involved in bringing it to the surface, the current value of future production, and how much total value to assign a chunk of land.
Unfortunately, these petroleum professionals mostly (but not all!) work for companies with more investment resources than the typical mineral owner (because the salaries are much higher when large investors are involved), yet the mineral owner is still held responsible for their own evaluation of an offer or inheritance. Pecan Tree Oil & Gas bridges that gap with a different business model that can and right-fit the evaluations with low overhead costs, rather than reducing the quality or availability.
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