WHIPSTOCK ENGINEERING, LLC
Independent analysis of oil and gas assets.
Independent appraisals, evaluations, and engineering analysis for oil and gas interests — scoped to the facts and the decision they have to support.
STANDARD
USPAP-compliant
METHOD
Per-well engineering
COVERAGE
Nationwide
BASED IN
Greenville, TX
WHY THE METHOD MATTERS
A simplified model and a per-well appraisal are not the same number.
In one estate-planning transfer, an accounting team’s 10% flat discount estimated $11 million. The USPAP opinion, built from decline curves and market-supported forecasts, was $4,072,478.
The difference is methodology — not a promised tax result. Fair market value used for gift or estate reporting has to stand in front of fiduciaries, counterparties, and the IRS.
SIMPLIFIED ESTIMATE
$11,000,000
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WHIPSTOCK APPRAISED VALUE
$4,072,478
Mineral interests $3.79M · Working interests $0.28M
SERVICES
Appraisals and asset reports
The intended use is set first. The report is built from there. An assignment may be a signed opinion of value, a report that explains the asset, or both.
Fair Market Value Appraisals
Estate, gift, financing, and ownership changes. Per-well analysis and a documented opinion of value.
Operator activity and development
How the operator works the area, and what remaining locations look like under stated assumptions.
Retrospective / cost basis
Historical cost-basis determinations for inherited mineral assets, prepared with IRS-oriented documentation.
Cash-flow analysis
Production and revenue cases under stated prices, costs, and activity.
Conversion reporting and other specialized assignments are available — see all services.
Investment and asset review
A working-interest or mineral opportunity before capital is committed — or after it is.
THE FIRM
The analysis and the assignment are worked together.
Maren Lorance
CO-OWNER, SENIOR PETROLEUM ENGINEER
Signatory engineer on every appraisal. Decline-curve analysis, geology, discounted cash flow, and USPAP documentation.
Thomas Lorance
CO-OWNER
Works with clients and their advisors so the report is used — estate work, investment decisions, and the conversations around them.
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