# How to evaluate minerals for estate
**URL:** https://www.mineralrightsforum.com/t/how-to-evaluate-minerals-for-estate/43860
**Category:** Martin County, TX
**Created:** [March 31, 2019, 2:18pm UTC](https://www.mineralrightsforum.com/t/how-to-evaluate-minerals-for-estate/43860 "2019-03-31T14:18:51Z")
**Posts on this page:** 7
**Page:** 1
### Author:  [@Caroline\_Brady](https://www.mineralrightsforum.com/u/Caroline_Brady)
#### Post date: [March 31, 2019, 2:18pm UTC](https://www.mineralrightsforum.com/t/how-to-evaluate-minerals-for-estate/43860/1 "2019-03-31T14:18:51Z")
160 acres Sec 3 Non 36 Township 1S either a 1/3 or 2/3 share rate 25% 3 year if they ever drill there also some other wells all vertical
How do I figure the actual value of this? I need to do some estate stuff and everyone I have asked just does the shoulder shrug.
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### Author:  [@Caroline\_Brady](https://www.mineralrightsforum.com/u/Caroline_Brady)
#### Post date: [March 31, 2019, 5:42pm UTC](https://www.mineralrightsforum.com/t/how-to-evaluate-minerals-for-estate/43860/3 "2019-03-31T17:42:38Z")
Ok thank you. I thought it had to be evaluated for step-up cost basis at time of inheritance and have no idea.
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### Author:  [@mjenz](https://www.mineralrightsforum.com/u/mjenz)
#### Post date: [March 31, 2019, 6:51pm UTC](https://www.mineralrightsforum.com/t/how-to-evaluate-minerals-for-estate/43860/4 "2019-03-31T18:51:47Z")
Caroline,
You may try reaching out to some of the land services companies that have been in Midland for decades. They may be able to help. Shaw Interests or Doug Furgeson or Landsmith might be able to help you out!
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### Author:  [@mjenz](https://www.mineralrightsforum.com/u/mjenz)
#### Post date: [March 31, 2019, 6:52pm UTC](https://www.mineralrightsforum.com/t/how-to-evaluate-minerals-for-estate/43860/5 "2019-03-31T18:52:32Z")
Land services companies\*\*\* not devices sorry.
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### Author:  [@D\_Scott\_Elliott](https://www.mineralrightsforum.com/u/D_Scott_Elliott)
#### Post date: [March 31, 2019, 9:26pm UTC](https://www.mineralrightsforum.com/t/how-to-evaluate-minerals-for-estate/43860/6 "2019-03-31T21:26:05Z")
Caroline, Waterson Calhoun, of Crest Engineering Services, did a historical valuation for Martin County royalty property I inherited in 1976. Contact info: W. Waterson Calhoun, P.E.
CREST Engineering Services, Inc.
2600 Robertson Road
Tyler, Texas 75701
903-253-0452 (o)
903-642-0055 (f)
CREST Process Systems
ASME Code Vessels and Production Equipment
2600 Robertson Road
Tyler, Texas 75701
[www.crestps.com](http://www.crestps.com)
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### Author:  [@William\_Douglas\_Archer](https://www.mineralrightsforum.com/u/William_Douglas_Archer)
#### Post date: [March 31, 2019, 10:41pm UTC](https://www.mineralrightsforum.com/t/how-to-evaluate-minerals-for-estate/43860/7 "2019-03-31T22:41:01Z")
Caroline, are you trying to value it now or at time of inheritance?
If from inheritance, was it producing, non-producing but leased, or not leased?
I have often seen where value might be $10 for all non-leased lands, if leased recently but not yet drilled, might be the amount of the bonus payment, and if producing it is a multiple of the cash flow.
Now if it was subject to an estate tax return, there should be a back-up schedule supporting the value the executor used.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 5:22pm UTC](https://www.mineralrightsforum.com/t/how-to-evaluate-minerals-for-estate/43860/8 "2025-01-11T17:22:53Z")