Gustavson Associates has extensive experience with the estimation of fair market value of oil and natural gas properties. Our team has the expertise to prepare a technical evaluation of oil and gas potential, as part of our sound approach, in order to provide you with an understanding of the market value of your property.

An Independent Appraisal

Gustavson Associates has extensive experience in the fair market value appraisal of hydrocarbon properties. Federal agencies, banks, public companies, law firms and property owners have hired Gustavson’s appraisal experts for a broad range of purposes.

We have provided Market Value Estimates for:

  • Eminent domain
  • Oil and gas royalty interests
  • Public company reporting
  • Reserve and resource reporting
  • Equity or debt financing
  • Acquisition, divestiture or joint venture transactions
  • Tax planning and reporting
  • Estate planning (including estate taxes and estate value)
  • Marital estate in divorce proceedings

Discuss your appraisal needs.

Our oil and gas appraisers at Gustavson have dealt with properties at all stages of development that ranges from undeveloped acreage to mature producing fields. Gustavson’s multi- disciplinary team is able to analyze complex issues that arise in appraisals such as highest and best use, the evaluation of comparable sales, discounted cash flow, and regulatory influences. The result is a well-supported estimate of fair market value in a timely and cost-effective manner.

Contact Gustavson at (303) 443-2209 or

About Gustavson’s oil and gas appraisers

Gustavson’s expert team of appraisers has more than 30 years of experience in conducting appraisals. Our team consists of professional geologists, engineers, energy economists, and business specialists.

Gustavson is recognized for our expertise in the evaluation of oil and gas assets.

Our appraisal experts routinely teach a publicly offered oil and gas appraisal courses through the University of Tulsa that is attended by persons from Federal agencies (including the IRS), public and private companies, and private investors.

As experts in appraisal of oil and gas properties, Gustavson has also provided expert witness testimony in a variety of court cases.

Appraisal versus valuation

Gustavson is frequently contacted for both oil and gas appraisals, and oil and gas valuations.  Common questions are: when is an independent appraisal required as opposed to a valuation or a resource report?

An appraisal is an opinion of value for what the property would sell for in a hypothetical transaction.  The opinion reflects the market on a particular effective date. 

Our reports have been used  for:

  • Tax basis
  • Banks and financial institutions
  • Court proceedings

Contact Gustavson Associates to speak with our appraisal experts

To share your oil and gas appraisal needs, please call (303) 443-2209 or write to us at