Valuation of Certain Interests in an Investment Holding Company for Tax Planning Purposes

October 2023
TOP prepared a valuation analysis to estimate the fair market value of certain interests in an investment holding company for gift and estate tax planning purposes.  The investment holding company’s assets included oil and gas reserve interests, marketable securities, and real property.  The oil and gas reserve interests included proved undeveloped reserves in the Delaware basin and proved developed producing reserves in the Denver-Julesburg (D.J.) basin.  Our analysis included the valuation of the company’s oil and gas reserve interests, calculation of the company’s fair market value of net assets, a comprehensive discounts study, and application of discounts for lack of control, marketability, and voting rights to estimate the fair market value of the subject interests on a non-controlling, non-marketable, and non-voting basis.
About Tall Oaks Partners

Based in Houston, TX, Tall Oaks Partners provides valuation and financial advisory services to corporate management of public and private companies, investment and fund managers, and stakeholders in businesses of a variety of scale. The Tall Oaks Partners team has significant experience assisting clients with a multitude of valuation matters for strategic, tax, and financial reporting purposes. Our services and deliverables are tailored to client needs and prevailing industry and economic trends.


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