Fixing a Mineral Interest Mistake to Secure Big Savings

This large oil and gas operator has significant mineral interests in a Utah county.

Challenge:

  • The Utah State Tax Commission made a calculation error in assessing our client’s assets, resulting in an unfair valuation.
  • The county then initiated a long and costly litigation battle.

Merit Solution:

  • Merit Advisors identified the error through our standard tax preparation process and reported it to the Tax Commission, who we’ve built a strong relationship with.
  • Our property tax team worked in conjunction with Tax Commission personnel to reach a resolution with the county.

$19.9 Million

Assessed Value Reduction

$254,000

Annual Tax Savings

Rewards of Merit

Explore our case studies to see how Merit helps energy companies unlock trapped value.

Wiping Out Tax Liabilities for Non-Op Interests

Royalties & Non-Op
Case Study

This operator engaged Merit to minimize property tax liabilities for its mineral holdings by reducing the working interest values.

Fixing a Mineral Interest Mistake to Secure Big Savings

Royalties & Non-Op
Case Study

This large operator turned to Merit after a state Tax Commission error resulted in an unfair valuation.

Reducing Inflated Assessments the Competition Overlooked

Downstream
Case Study

Unhappy with its prior tax consultant, this petrochemical facility wanted a partner who could reduce its ad valorem assessments.