Rewards of Merit: Reducing Heavy Equipment Valuations During a Downturn

Rewards of Merit: Property Tax Reducing Heavy Equipment Valuations During a Downturn Client: A heavy equipment dealer with underutilized and idle oilfield service equipment engaged Merit to reduce its valuations and property tax liability. Results for client $1.3 M Cash Tax Savings $90M Reduction in Overall Value Challenge: True asset values were greatly reduced in […]

Rewards of Merit: Fixing Improper Vehicle Assessments for an OFS Leader

Case Study: Property Tax Fixing Improper Vehicle Assessments for an OFS Leader Client: A large oilfield service provider engaged Merit to help fix incorrect assessments on its fleet of vehicles to reduce the company’s tax liability. Results for client $1.1M Cash Tax Savings $44.7M Reduction in Overall Value Challenge: The client needed updated assessments on […]

Rewards of Merit: Lowering an Operator’s Tax Burden Across Counties

Rewards of Merit: Property Tax Lowering an Operator’s Tax Burden Across Counties Client: An E&P company with a presence in the Eagle Ford Shale and various counties in East Texas engaged Merit to reduce its tax liability and administrative burden. Results for client $1.5 M Annual Cash Tax Savings Implemented a Strategy to Eliminate Annual […]

Rewards of Merit: Supporting a Public E&P Through a Major Asset Sale

Rewards of Merit: Property Tax Supporting a Public E&P Through a Major Asset Sale Client: A large E&P company with substantial acreage in a major shale basin engaged Merit to minimize tax liability and transition the property tax function for a large block of assets in a pending sale. Results for client $4M Year-Over-Year Cash […]

Rewards of Merit: Reducing Non-Op Working Interest Values to Save Thousands

Rewards of Merit: Property Tax Reducing Non-Op Working Interest Values to Save Thousands Client: A small E&P company with a focused presence in East Texas engaged Merit to help improve its bottom line. Results for client $100K Annual Cash Tax Savings Implemented a Strategy to Eliminate Annual Tax Liabilities Challenge: Client sought to minimize property […]

Rewards of Merit: Optimizing Tax Liability & Eliminating Exposure

Case Study: Sales & Use Tax Optimizing Tax Liability & Eliminating Exposure Client: A public midstream company with a $9+ billion market cap engaged Merit for audit defense. Merit continues to work closely with the company to ensure ongoing compliance. Results for client $2.8M Reduction in Client’s Liability $2.5M Recovery of Overpayments and Waivers Challenge: […]