I need to establish a value on my deceased aunt’s 7 mineral holdings in Lea Co. NM. Only 1 is under lease. Two are in R38E, T20S. The other 4 are in R35E, T18S. This is needed to determine if my aunt’s estate exceeds the new death tax ceiling. Can a landman do this? Do I need a certified engineer?
With non-producing, unleased minerals you could probably get by with a landman’s appraisal, since the value will likely be minimal. The leased minerals could have more value, depending on how close they are to existing activity. In that case, you might need an engineer’s report.
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