HOW TO ESTIMATE WORTH OF MINOR VALUE OIL, GAS PRODUCING PROPERTIES AT PUBLIC AUCTION

12/31/1990
Bruce L. Randall Unit Corp. Tulsa The purpose of this paper is to evaluate the divestiture of minor value working and royalty interests (worth less than $20,000) in producing oil and gas properties through the transaction medium of no-minimum, English "open outcry" public auctions. Specifically, the paper seeks to answer the question, "What can the seller expect to receive for his minor value properties at a public auction, knowing only how he values those properties to himself?" To answer this question, a mathematical model that predicts the seller's expected present worth (EPW) as a function of the seller's Securit...
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