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- Title
The Effects of Mineral Interests on Land Appraisals in Shale Gas Regions.
- Authors
Lipscomb, Joseph B.; Kimball, J. R.
- Abstract
Mineral interests and the issues that appraisers must consider In regions Impacted by shale gas formations are the subject of this article. The Barnett Shale in North Central Texas is discussed in the example; however, the issues and concepts apply to many states with shale gas formations. Emphasis Is placed on the need for appraisers to focus on mineral estates attached to, or severed from, subject properties and comparable sales when valuing land. The effects of severing the mineral estate from the surface estate and the resulting value implications, Including the dominance of the mineral estate, are major topics in this article. References are provided to case law on mineral estate dominance, oil and gas law In Texas, and oil and gas valuation for court. An example case demonstrates the sales comparison approach.
- Subjects
TEXAS; MINERALS; GAS industry laws; PETROLEUM industry; VALUATION
- Publication
Appraisal Journal, 2012, Vol 80, Issue 4, p318
- ISSN
0003-7087
- Publication type
Article