# Recommendations for Mineral Rights Appraisal in Oklahoma

**URL:** https://www.mineralrightsforum.com/t/recommendations-for-mineral-rights-appraisal-in-oklahoma/44294
**Category:** General Mineral Rights Discussion
**Created:** [April 9, 2019, 10:09pm UTC](https://www.mineralrightsforum.com/t/recommendations-for-mineral-rights-appraisal-in-oklahoma/44294 "2019-04-09T22:09:08Z")
**Posts on this page:** 4
**Page:** 1

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### Author: ![Lora\_Goldston](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/l/74df32/32.png) [@Lora\_Goldston](https://www.mineralrightsforum.com/u/Lora_Goldston)
#### Post date: [April 9, 2019, 10:09pm UTC](https://www.mineralrightsforum.com/t/recommendations-for-mineral-rights-appraisal-in-oklahoma/44294/1 "2019-04-09T22:09:08Z")

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I am the trustee of a trust that contains mineral rights. I would like to establish the cost basis for capital gain tax purposes in the future. Is there a standard formula or process that I can follow or do I have to pay for an appraisal? Any help is appreciated.

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### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [April 9, 2019, 10:45pm UTC](https://www.mineralrightsforum.com/t/recommendations-for-mineral-rights-appraisal-in-oklahoma/44294/2 "2019-04-09T22:45:23Z")

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Very wise idea. My recommendation is to get an appraisal by a petroleum engineer. There are several good ones in Oklahoma City. The trust should pay for the appraisal. They are usually done on a well by well basis. The cost basis for the trust is probably the cost as of the day they went into the trust. The engineer can help you with that. They will also be able to give you an idea of what it is worth today. We do appraisals of our LLC every time one of the partners passes away as it is required for probate. Quite helpful to know where you stand.

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### Author: ![Lora\_Goldston](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/l/74df32/32.png) [@Lora\_Goldston](https://www.mineralrightsforum.com/u/Lora_Goldston)
#### Post date: [April 10, 2019, 12:58am UTC](https://www.mineralrightsforum.com/t/recommendations-for-mineral-rights-appraisal-in-oklahoma/44294/3 "2019-04-10T00:58:44Z")

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I would appreciate any specific referrals if possible.

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### Author: ![MRFAdmin\_SV](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/m/e0b2c6/32.png) [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 7:19pm UTC](https://www.mineralrightsforum.com/t/recommendations-for-mineral-rights-appraisal-in-oklahoma/44294/4 "2025-01-11T19:19:19Z")

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