Terrel Shields, Certified General Appraiser - Mineral Appraisals, Oil and Gas Specialist

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BIO
Terrel Shields, our Certified General appraiser, specializes in farms and Mineral/Oil and gas valuations for Estates, sales, tax appeal or tax estimates, litigation, arbitration, and Petroleum investments. He analyzes deals and investments, Royalty interests, and performs geological consulting.

His experience includes geotechnical consulting, geological and exploration geology, in addition to mudlogging, wellsite geology, and for the past decade applying knowledge gained as a certified appraiser to create USPAP (Uniform Standards of Professional Appraisal Practice) compliant reports for technical and legal uses.

He has been working the Arkoma Basin, Mississippi Embayment, Mid-Continent, Rocky Mountains, Overthrust, East Texas, Ark-La-Tex, and Southwest, including the Permian, Tularosa, San Juan, Paradox, Piceance, Sand Wash, Hugoton, and Anadarko Basins since 1973.

After completing College in 1972, Terry worked with Cooper Communities of Bella Vista in the Engineering Department doing flood routing, soils studies and mapping; then for McClelland Consulting Engineers, ESCOMLAB [Environmental and Construction Materials Lab] where he ran perk tests, concrete and soils testing and inspection. Switching to the Petroleum after 2 years of graduate school, he mudlogged, consulted and wellsite from West Virginia to Wyoming, first with Analytical Logging, the Exploration Services Inc. and Rocky Mountain Geo-engineering (now a division of Pason) before starting his own company in 1980. When the RTC began regulating banks, Terry examined leases and mineral rights being held by banks, mainly in Oklahoma, and appraised leases that were used to secure loans. From this beginning and as the oil boom went bust, he switched to primarily a real estate appraiser at the beginning of licensing for appraisers who work for banks.

After years of predominately working rural and farm property, Terrel is expanding his practice to include more geology / petroleum and less emphasis on residential appraising. His staff appraisers are now handling the day-to-day residential properties and he supervises them while operating the commercial side of the business.

Staff subcontractors includes former hard rock geologist and active appraiser, Stephen Showalter; Oklahoma based residential appraisers Luella McKain and Lanette Sikes; and, broker /appraiser and property manager, Dan Blanchard of Joplin, MO.