Reducing Tax Liability by $200M+ Over the Long Term

This large exploration and production company owns and operates both upstream and midstream assets.

Challenge:

The company was seeking a trusted partner to handle all property tax responsibilities and deliver value-added solutions to minimize their liability.

Merit Solution:

  • Merit Advisors assembled an experienced team that began establishing a long-term relationship built on trust and responsiveness.
  • Quarterly and annual meetings offered the client tremendous transparency, providing a forum to discuss Merit’s work, upcoming issues and successes.

Result:

Merit has essentially become an extension of the company’s team and is a trusted advisor to their VP of Tax.

$12.6 Billion

Value Reduction

$208 Million

Ad Valorem Tax Savings Over 15+ Years

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.