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 Tax Liabilities
Challenge:
Client sought to reduce its annual property tax liability while simultaneously streamlining processes.
Varying appraisal methods across county appraisal districts and client’s well population made it difficult to project tax liability.
Merit Action Plan:
Communicated with client’s internal tax department weekly to obtain information needed to maximize the reduction in tax liabilities.
Negotiated with valuation firms proactively to resolve any issues before county appraisal districts sent out notices of value.
Applied a holistic approach encompassing expenses, burdens, and post-production capital expenditures.
