Company Profile
M.E.L. VALUATIONS, INC. is an independent, professional appraisal service company with over 33-years experience appraising equipment in the Oil & Gas Drilling Industry. Though we are familiar with and have expertise in other machinery and equipment industries, our client's needs pushed us into the energy sector. Resentment became appreciation as our experience grew in this narrowing market niche. Since our attention was focused in the Oil & Gas Industry, we developed valuable expertise through our contacts and hundreds of other sources. We developed relationships with manufacturers, contractors, and other energy experts. We developed a computerized database of all machinery and equipment involved in Oil & Gas dating back to the 1970’s. Now, our greatest asset is those relationships and databases. The longevity of this commitment can now be passed on to our clients and their needs.
M.E.L. VALUATIONS, INC. offers unbiased and confidential appraisals prepared in accordance with the “Uniform Standards of Professional Appraisal Practice” and Appraisal Code of Ethics. When needed, our prepared documents of valuations are re-enforced by expert court testimony.
M.E.L. VALUATIONS, INC. serves the financial community, leasing corporations, major corporations, insurance companies, governmental agencies, individual contractors, bankruptcy courts, trustees, law firms and other appraisers of asset evaluations.
M.E.L. VALUATIONS, INC. offers clients a very viable tool in decision making, whether it be financing, leasing, buying, selling, trading, insurable values, or just a need to know what today’s market is really worth. We eliminate the guess-work in the determination of values because our appraisals are based on actual information and reviewed by competent professional appraisers. Values are current and accurate, combined with the knowledge of the appraiser’s daily activity and expertise within that market.
M.E.L. VALUATIONS, INC. in the past five years appraised on average, 600 to 800 rigs per year. That statistic represents an average of 36.4% of the entire (1,921) drilling fleet today. The last four years it represented 50 to 60% of the active fleet.
M.E.L. VALUATIONS, INC. remains committed to the responsible and diligent analysis that has brought us this far and will continue to maintain our integrity in hopes to serve you with the highest level of professional ethics and appraisals.