Mineral Appraisal Done with Peace of Mind
Herco gives you peace of mind by ensuring your mineral appraisal receives the best care and oversight possible.
Combined experience managing oil, gas, and mineral interests
Herco has more than 100 years combined experience appraising oil, gas and mineral interests. Using our extensive knowledge of the industry and looking at all aspects of your interests, we value your minerals thoroughly and accurately. Herco’s comprehensive services gives you a fair market value whether your mineral interests are producing income or lying dormant. It is important that we go beyond using production-based formulas to value your oil, gas and mineral assets.
We pride ourselves in truly taking every angle approach with each mineral appraisal we do. Herco’s mineral valuation process takes everything into account including production, proximity to other wells, the life of the wells in your area, leasing activity and current industry trends.
• Date-of-death/Probate –This is the most common reason Herco preforms mineral appraisals. When someone passes and their mineral interests are to be inherited, a mineral value needs to be assigned to the mineral assets for tax purposes. A date-of-death appraisal provides the party inheriting the mineral rights a basis for tax purposes in the event of a sale or future transfer.
• Sale of minerals – Herco is here to help you establish a current appraised value if you are considering a sale of your mineral interests. We guide you through the entire mineral sale process.
• Gifting – If you are considering gifting your mineral interests, a Herco mineral appraisal will provide you with the necessary information for your legal and accounting professionals.
• Litigation – Herco will provide you with a mineral valuation when it comes to your courtroom needs including lawsuits and divorce.
• Tax requirements – Anytime you divest of your mineral rights, you’ll need to know your step-up-in-basis, we will complete a mineral appraisal effective the day you acquired said assets. This allows you to only pay taxes on the increase of value rather than the full sale price.
• Estate planning – A mineral appraisal from Herco can assist when you need to look ahead and help gain clarity on the value of your mineral estate.
• Medicaid – Before you can qualify, Medicaid will require you to value your mineral rights and divest of them if possible. Herco can facilitate that process.
Interested in our appraisal process? Click for more information.