I don't want to complain , since I have been blessed to be receiving some "nice" checks for mineral interests in a well. But my wife and I were shocked when we received our statement of appraised value on some mineral interests we own.
From what I understand, they simply look at the production from the last "X" number of months, estimate the future production , plug this into a formula, and come up with a "value " on the well.
My question are : Is there any chance of protesting? Or at least having a reasonable chance of lowering the evaluation? Has any TBHers know of anyone "winning" a protest ? Suggestions?
Thanks in advance.
From what I understand, they simply look at the production from the last "X" number of months, estimate the future production , plug this into a formula, and come up with a "value " on the well.
My question are : Is there any chance of protesting? Or at least having a reasonable chance of lowering the evaluation? Has any TBHers know of anyone "winning" a protest ? Suggestions?
Thanks in advance.
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