Mechanical and Equipment Appraisal
Range strives to produce customizable appraisals and valuations to best fit the needs of our clients. Our reports provide accurate, thorough, and clear valuation results of wholesale and industrial inventories and are all completed within the guidelines of the Uniform Standards of Professional Appraisal Practice (“USPAP”).
Our appraisers are all certified through ASA with a proven track record of providing accurate and reliable M&E valuations for oil and gas equipment as well as a multitude of other types of equipment including metalworking equipment, rolling stock, facility support equipment, and others.
General guidelines for the M&E appraisal process are as follows:
Data Collection and Due Diligence
Range requests and reviews comprehensive fixed asset lists including descriptive information on the various assets, date of original acquisition, historic (original) cost, net book values, invoices for capital expenditures, and other key information in the identification and characterization of the assets. Our goal is to assemble a clear and complete list of all the assets which can be used for internal research and be included in the final report.
The due diligence process also includes discussions with industry experts. Range’s edge over the competition is its deep experiential knowledge in the oilfield combined with industry relationships nurtured over many years. These relationships are leveraged to confidentially confirm the accuracy of our findings.
Management Interviews
Frequent conversations with company management are essential to the appraisal process. Appraisers will discuss qualitative factors that may impact values, such as maintenance practices, upgrades and rebuilds, how the assets are used and where they are stored, as well as any transfers or dispositions of similar equipment.
Inspection of Assets
Range’s appraisers conduct on-site evaluations to verify and/or compile asset lists, photograph the assets, note the condition of these assets, and discuss operational procedures of the various sites. We believe these visits are key to understanding the underlying value of the assets being appraised.
Recent Valuations:
