Reducing Assessments When the Competition Couldn’t

This large exploration and production company owns and operates significant oil and gas holdings in Louisiana.

Challenge:

• The operator’s Louisiana assets were overvalued under state methodology, ignoring poor well economics, but local parishes were reluctant to allow the appropriate reductions.
• The company’s previous tax consultant lacked the expertise and local relationships critical to negotiating assessment reductions for underperforming assets.

Merit Solution:

• Through our standard tax preparation process, Merit Advisors identified wells that clearly qualified for obsolescence reductions based on cash flow.
• Our property tax team—which maintains strong relationships with parishes throughout Louisiana—worked constructively with assessors, providing ample supporting documentation.

$3.7 Million

Assessment Reduction