Sector Expertise
We speak the language of the oil patch.
Drilling, completions and interventions are technology-intensive operations. Many outsiders struggle to understand the intricacies—and even the terminology. Merit Advisors was built for the energy industry, so we know the oilfield from AFEs to zonal isolation. It’s how we uncover tens of millions of dollars in tax savings and recovery opportunities for our oilfield service clients each year.
- With our energy expertise, we developed our own proprietary software and sector-specific methodologies to help oilfield service companies make their money go farther.
- Merit helps oilfield service clients reduce assessed values, cut cash operating costs and accomplish other key business objectives.
- Our partnership approach and uncommon transparency result in long-term solutions that will yield positive outcomes well into the future.
“The most valuable aspect to us is knowing that each asset is being classified in a way that saves us the most money—that we’re not misclassifying something ourselves and overpaying for no reason.”
CFO
Oilfield Equipment Company
OFS Services
Explore our solutions for oilfield service companies.
Property Tax Services
Scouring Your Assets to Ensure Accurate Valuations
How should your oilfield equipment be taxed? It depends on a complex web of factors—and no one knows them like Merit. Our unique insight into the taxation of rigs, pressure pumpers, coiled tubing units, wireline trucks and other equipment enables us to uncover overlooked opportunities to reduce your tax burden.
- Unrivaled insight into the market dynamics that drive demand for oilfield services helps us determine the best way to minimize your valuations and deliver cash tax savings.
- Trusted relationships with tax authorities help us avoid bureaucratic delays and advocate for you more effectively.
- Helping you accurately budget for next year’s spend through regular accrual updates.
- Implementing processes to keep your valuations down year after year.
$7 Billion
Ad valorem value reduction achieved for our clients in 2023
Sales & Use Tax Services
Ensuring You’re Charging & Paying Correctly
When it comes to sales and use taxes, we know the challenges you face as both a buyer of equipment and consumables, and a seller of services. Merit minimizes your tax liability and compliance risk, ensuring you only pay—and charge—what’s right and fair.
- Expert insight into oilfield services, equipment sales and how they’re taxed enables us to minimize your spend and recover overpayments.
- Helping you choose the right approach to reducing your sales tax burden, from conservative to aggressive.
- Preventing unnecessary cash outlays in the future by providing customized training for your teams.
- Trusted relationships with state auditors help us accelerate audits and achieve optimal outcomes.
- Tailoring engagement structures to your needs, whether you need help with one project—or a fully outsourced sales tax department.
$33+ Million
Cash tax savings for our OFS clients in the past 2 years through audit defense, cash refunds and exemption opportunities
Credits & Incentives
Capture Every Cent Available to You
Two major trends are pushing oilfield service companies to invest in new technologies:
- Upstream oil and gas remains in manufacturing mode, putting you under constant pressure to improve your efficiency.
- Operators are increasingly focused on reducing the carbon footprint of their operations, forcing you to follow suit.
Your efforts to innovate in those and other areas could make you eligible for a range of R&D incentive programs, which continue to grow with the passage of legislation like the Inflation Reduction Act. With our oil and gas focus, Merit brings a unique understanding of the incentives available to you—and we built a dedicated team to help you capitalize on them.
$2.5 Million
Credits and incentives secured for Liberty Energy to build a new, state-of-the-art facility in the Permian
Real Estate Services
Make the Most of Your Assets
Through our state and local tax advisory services, we develop a bird’s eye view of your asset base, including both real estate and business personal property. That comprehensive perspective affords our multidisciplinary team ample opportunities to identify operational efficiencies and other ways to reduce your overall cash outlay—enabling you to add that savings back to your balance sheet.
- Valuation – Merit provides valuation services including appraisal of both tangible and intangible assets; asset screening and verification; and compliance and tax evaluation.
- Monetization – Merit offers monetization services including capital and funding evaluation; acquisition and disposition support; M&A facilitation; and leasing, subleasing and lease auditing services.
- Advisory – Merit provides advisory and execution services for sale-leaseback initiatives as well as advisory services on development and construction; site selection and credits/incentives; repositioning; asset remediation; real estate portfolio strategy; and property management and monitoring.
How Much Value Can
Merit Add to Your Business?
Let our expert team of energy business advisors perform a health check to find out. Chances are Merit can add value, but if not we’ll tell you—honestly.
