Simple opinion letter of minerals value

General Mineral Rights Discussion
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For approximate personal net worth purposes, I need a simple “one page” opinion letter of minerals value, not a big geotechnical appraisal everyone wants to sell me, for my small 30-acre share of leased and producing (since 2007) minerals in Rusk County, Texas. It needs to guesstimate “what’s down there” (future, long-term) not just present production (which has collapsed by at least 95% due to the oil price war and COVID-19, thus production-based figures are now “worthless” in more ways than one).

I have no interest or intent or need to sell, but FWIW I recently received a $260-something-thousand offer to buy, which is obviously production-based. What I need includes guesstimated long-term from guesstimated deposits; just something to “put number on” what I own.

Is this perhaps something that someone on this forum can do for a small fee, or can someone recommend me to someone? Thanks!

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See Mineral Valuation on our Mineral Service Providers page.

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Great question! I’ve been curious about any type of evaluation on my mineral rights located in southern Illinois. No idea where to turn for info.

Any information is appreciated!

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Jennifer, I belong to a group of mineral appraisers called the International Institute of Mineral Appraisers, IIMA, that has many certified members.

Illinois is a tough state for appraisals because the state itself doesn’t keep track of production records since there isn’t a severance tax. Therefore, most appraisers would rely on your current production.

Hope this helps!

~Rachel

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