Court Spotlights Lack of Control in Oil and Gas Interest Valuation

Business Valuation UpdateVol. 20 No. 9
Legal and Court Case Update
September 2014

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6792 Oil Royalty Traders
533110 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
expert testimony
discount for lack of marketability (DLOM), fair market value (FMV), oil and gas interests, fractional interest, discount for lack of control (DLOC), market value
Taubman v. U.S. Bank, N.A.
2014 Cal. App. Unpub. LEXIS 4303
June 17, 2014
US
State Court
California
Court of Appeals
Gordon Romine (trustee)
Perluss

Summary

Appeals court affirms trial court’s discounting for lack of control and marketability in valuing oil and gas interests where trust’s ownership in interests was fractional and indirect and there was testimony regarding IRS’s estate tax discount rates.

See Also

Taubman v. U.S. Bank, N.A.

Full Text of Court Cases
June 17, 2014

Appeals court affirms trial court’s discounting for lack of control and marketability in valuing oil and gas interests where trust’s ownership in interests was fractional and indirect and there was testimony regarding IRS’s estate tax discount rates.