Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Appraisal firm says late data raised Dimmit County mineral values by $223 million
Summary
Capital Appraisal Group explained at the Dimmit County Commissioner's Court how delayed reporting from state agencies and operator ownership corrections led the firm to add roughly $223 million in mineral value after certification.
Leo Weidman, a petroleum engineer with Capital Appraisal Group, told the Dimmit County Commissioner's Court on April 14 that the firm added about $223 million in mineral value to the county appraisal roll after the board certified valuations in October.
Weidman said the firm’s process uses production data from the Railroad Commission and sales data from the Texas Comptroller to forecast cash flows and discount them to present value. “We collect data from the Railroad Commission on oil and gas production,” Weidman said. He described…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
