Rewards of Merit: Fixing an Unfair Tax Value to Find Savings

Rewards of Merit: Property Tax Fixing an Unfair Tax Value to Find Savings Client: A large oil and gas operator had significant Utah holdings where the taxable value was challenged by the County. Results for client $254K Annual Tax Savings $19.9M Reduced Assessed Values by County Challenge: The client’s assets were assessed by the Utah […]

Rewards of Merit: Identified $6M in Refunds for Rapidly Expanding OFS Company

Rewards of Merit: Sales and Use Tax Identified Millions in Savings for OFS Company Client: Client had rapidly expanded into multiple states and had concerns about how they were taxing sales. Results for client $6M Sales and Use Tax Refunds Implemented Tax Matrix & Monthly Compliance Procress Challenge: Client was charging tax on almost 100% […]

Rewards of Merit: Reduced Monthly Accruals for E&P in Barnett

Rewards of Merit: Sales and Use Tax Reduced Monthly Accruals for E&P in Barnett Client: Client was unhappy with services from existing provider. Client felt they were overpaying for services and did not feel comfortable with how taxes were being accrued. Results for client $400K Sales Tax Refunds for over accrued Tax $100K Correctly Reduced […]

Rewards of Merit: Delivering $12.6B in Value Over a 15 Year Relationship with Large E&P

Rewards of Merit: Property Tax Delivering $12.6B in Value Over a 15 Year Relationship with Large E&P Client: A large E&P company with both upstream and midstream assets wanted a trusted service provider that would consider themselves an extension of the company and handle all property tax responsibilities. Results for client $12.6B Value Reductions $208M […]

Rewards of Merit: Multidisciplinary Solutions for Midstream Saves Millions

Rewards of Merit: Sales and Use Tax Multidisciplinary Solutions for Midstream Saves Millions Client: Based on the results of Merit, we are now the Client’s trusted business advisor. Results for client $2.9M Tax Penalty and Interest Savings $22M Reductions to Four Audit Assessments & Overpaid Sales & Use Taxes Challenge: Client had multiple sales/use tax […]

Rewards of Merit: Recovering Overpaid Sales and Use Taxes for E&P Firm

Rewards of Merit: Sales and Use Tax Recovering Overpaid Sales and Use Taxes for E&P Firm Client: Based on the results of Merit, we are now the Client’s trusted business advisor. Results for client $2M+ Continued Annual Tax Savings $1M Saved in local taxes with Direct Pay Permit Challenge: Client had no process in place […]

Rewards of Merit: Increasing Workflow Efficiency by Relocating 3 Offices to 1

Rewards of Merit: Real Estate Services Increasing Workflow Efficiency by Relocating 3 Offices to 1 Client: The client sought efficiency in the use of its locations and leased facilities. Results for client INCREASING WORKFLOW EFFICIENCY Relocating 3 Offices to 1 Identified off-market development – Resolved geographic and operations challenges Challenge: The client had four facilities […]

Rewards of Merit: 313 Incentive Agreements for Renewable Energy Developer

Rewards of Merit: Credit & Incentives 11 Projects, 313 Incentive Agreements for Renewable Energy Developer Client: A renewable energy developer had 11 projects that required 313 incentive agreements in Texas in 2022. Results for client $400M Tax Savings $45B Capital Expenditure for the 11 projects Challenge: Chapter 313 incentive opportunities sunset in Texas December 31, […]

Rewards of Merit: Minimizing a Petrochemical Facility Tax & Asset Valuation

Rewards of Merit: Property Tax Minimizing a Petrochemical Facility Tax & Asset Valuation Client: A petrochemical facility with a significant presence in the county was unhappy with their previous provider and wanted to change. Results for client $400K Annual Tax Savings 10% Reduction in Plant’s Assessed Value Despite Inflation Challenge: Client wanted an experienced property […]

Rewards of Merit: Achieving Cash Tax Savings for a Multi-State Producer

Rewards of Merit: Property Tax Achieving Cash Tax Savings for a Multi-State Producer Client: A regional independent oil and gas producer with multi-state assets engaged Merit to reduce liabilities and find efficiencies in its property tax function. Results for client $400k Annual Cash Tax Savings $1.6M Reduction in Property Tax Liabilityfor Mineral Leases Challenge: Client […]