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Oil/Gas/land in Bryan County

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Question
My husbands family owned land in Bryan county in the 1920's. They leased 5 acres to Ohio Oil Company. I want to check how much this is worth now.

M. Furgerson

Answer
The only way to do this with any accuracy is to hire a licensed real estate appraiser, one who is licensed to appraise Bryan County property (whichever state your county is in--Oklahoma and Georgia both have a Bryan County). If the real estate appraiser you contact cannot, or does not, do mineral rights appraisals, he or she most likely can direct you to one who does.  Failing that, you can also contact a public CPA and ask for a referral. Most public CPA's have specific appraisers they use regularly for when they are preparing a final inventory and accounting for an estate.  They need a mineral rights appraiser when the deceased owned mineral rights. I hope these leads will help you.

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Marsha Breazeale, M.Ed., CDOA, CPLTA

Expertise

All questions regarding division orders; ownership decimal calculations; title ownership and payer record changes (testate/intestate inheritance; deed; assignment; court order); oil and gas lease analysis for record-keeping and purposes of payment by operator or payer; pooling, horizontal wells, horizontal well allocation units; unclaimed property reporting; royalty owner relations questions. All questions concerning administration of surface land contracts and payment questions, such as for Surface Right-of-Way, Sub-Surface Right-of-Way, Easement, Surface Use Agreement. All questions regarding industry-standard and company-specific policies that affect land owners.

Experience

Sr. Staff Division Order Analyst. Certified Division Order Analyst (CDOA, National Association of Division Order Analysts) and Certified Lease Analyst (CPLTA, National Association of Professional Lease and Title Analysts) with 35 years of experience as a combination division order analyst and lease analyst in exploration and production in the oil and gas industry.

Organizations
National Assoc. of Division Order Analysts (NADOA), National Association of Division Order Analysts (NALTA), American Association of Professional Landmen (AAPL), American Society of Trainers and Developers (ASTD)

Publications
"How an Oil & Gas Exploration & Production Company Operates" and "Principles of Oil & Gas Lease Analysis: Standard Clauses", Oil Patch Press; Articles in NADOA Magazine; LandFocus EDU Professional Training Manuals

Education/Credentials
B.A.in Management from Our Lady of the Lake University in San Antonio; M.Ed. in Instructional Design from WGU Texas.

Past/Present Clients
Past 15 years: GeoSouthern Energy Corporation; Contango Oil Co./Crimson Exploration & Operating Inc.; Apache Corporation; BP America; Marathon Oil; Newfield Exploration

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