Errors in Valuing Oil and Gas Properties in the Marcellus Shale

Business Valuation UpdateVol. 20 No. 6
June 2014
Richard J. Miller, ASA


In early 2008, my firm, Richard J. Miller & Associates Inc., was asked to do appraisals of oil and gas rights owned by three hunting clubs in Lycoming County, Pa. The rights had been leased with the apparent objective of developing natural gas production ...