VEMA specializes in minerals with a focus on valuing and quantifying mineral resources and reserves. Of all the services that VEMA can provide, the most important function we can perform is educating our clients about their mineral reserves. We strive to ensure our clients have a firm understanding of their mineral ownership and we have helped clients with almost every aspect from validating additional acreage for mineral sales, explaining royalty statements, or ensuring mineral owners’ questions are answered by the operator. In all, we are here to help educate mineral owners about a system that is rarely understood and often frustrating to navigate.
Resource Evaluations
Mineral ownership presents several extraordinary challenges. The skillsets that are required to identify and appraise mineral are as unique as the professionals who perform the analysis. While it may seem simple to identify the quantity of minerals in the ground, the skillsets and tools used to perform the work are often industry-specific and require years of training. Some aspects of quantifying minerals may include:
- Researching type of ownership
- Reviewing historical documents
- Building geologic models
- Mapping to validate ownership boundaries
- Identifying feasible methods and timing for extraction
Valuing Minerals
Often clients come to VEMA because they require a mineral appraisal. When this happens, VEMA possesses the capability of leveraging their years of experience in the extractive industries to provide a fair market value of the minerals. In addition, our skillset allows us to perform this service for the present as well as any historical date.
Royalty Reviews
The royalty statements provided to mineral owners are often complex and confusing for those not well versed within the extractive industries, and more so with Oil and Gas statements. As a result, these statements often lead to additional confusion for mineral owners.
VEMA’s years of experience in reviewing royalties help to ensure the mineral owner is fairly and justly compensated by the operator extracting the mineral. This means we are likely familiar with the operator, statements, and process allowing for an efficient review of the income stream. Often, our experience helps us ask the right questions in a way that we get more answers than most royalty owners.
Litigation Support
Both members of VEMA have prior experience providing expert witness services. We understand the complexity of legal issues that arise with mineral assets and our education, training, and previous experience allow us to provide informed and unbiased support.