BIO
Terrel Shields, is a Certified General appraiser, specializes in farms and Mineral and Oil and gas valuations for Estate planning and investments. Additionally, His experience includes geotechnical consulting, geological and exploration geology, 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.
Shields has worked 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. He owns mineral rights in Colorado and has served on the NARO board covering the area.
After completing College in 1972, Terrel 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 was a hydrocarbon engineer, consulted and wellsitting from West Virginia to Wyoming; first, with Analytical Logging of Shreveport; then Exploration Services Inc. of Midland; and, Rocky Mountain Geo-engineering (now a division of Pason) in Grand Junction, CO before starting his own company in 1980. When the RTC began regulating banks, Terrel examined leases and mineral rights being held by banks, mainly in Oklahoma, and provided advice on leases that were used to secure loans. As the industry went into a low ebb, Shields switched to real estate appraiser specializing in rural property appraisal.
After years of predominately working rural and farm property, Terrel expanded his practice to include more geology / petroleum and less emphasis on surface property appraising. Recently, Shields Valuation Surveys, Inc. has downsized to a one man office with part-time assistance as needed. Terrel is the author of the book “The Appraisal of Mineral Rights” published in 2015. He has been approved to teach mineral rights courses in Arkansas, Oklahoma, Ohio, and Pennsylvania and is associated with OakCrest Academy (Tulsa, OK) and Vintage Real Estate Academy (Hazelton, PA). Terrel recently was a participant in an Appraisal Institute webinar on “You say Fraccing, I say Fracking”.
He consults nationwide but concentrates valuation services in Arkansas and Oklahoma and serves as the past president of the Arkansas Chapter of the National Association of Royalty Owners. Arkansas and other smaller chapters are being merged and I act as the reporter for the Arkansas Chapter currently