Fair Market Value and Valuation Methods of Oil and Gas Properties

摘要

There are a number of transactional, reporting, regulatory, and legal reasons why it may be necessary to estimate the value of proven and prospective oil and gas properties. Among other reasons, fair market valuation of oil and gas properties is required when preparing for a sale of an oil and gas property, in establishing value for purposes of state property taxation, in estate and gift taxation and in a variety of legal matters.