Energy Tax
(Renewables, Midstream, Utilities, OFS)
That’s how we manage to be so effective because we’re close to your property. We can appraise your operation, equipment and pipelines thoroughly and accurately and, if different from the authority’s assessment, lodge an appeal to arrive at a favorable dispute resolution.
Of course, we also apply all relevant Texas property tax exemptions until the maximum tax reduction possible has been reached.
Take a look at what we cover:
Upstream:
Asset appraisal of producing oil and gas leases
Downstream:
Chemicals, refining, gas processing, and NGL plants
Midstream:
Pipelines, crude oil terminals, truck loadout stations, and compressor stations
Subsea equipment:
Wellheads, control systems, turbomachinery, pipes, trees, and manifolds
Disposal companies:
Remediation, NORM, recycling, drilling fluids, and salt water disposal wells
Exploration:
Seismic and geophysical equipment
Well servicing:
Workover rigs, wirelines, pressure pumping, fracking, cementing, and trucking
Rentals:
Fishing tools, submersible pumps, mobile equipment and compressors
Proppants:
Sand mines, trans-loading facilities, and transportation assets
Crane and construction:
Heavy construction equipment and mining equipment
Oilfield manufacturing:
Pipe, downhole tools, and vessels
Actual Example
Client
Client’s power plant originally noticed at $55,636,300 was reduced by our team to a settled value of $19,833,645.
Result
Assessment reduction of $35,802,652
Tax Savings
$823,595
Client Testimonials
“Mark brought together a highly skilled team to make certain that Nabor’s only paid its’ fair share of property tax. They have impressed us with the level of commitment, the sense of professionalism, and the significant tax savings that Mark and his team have provided.”
“I can vouch for (ITC’s) expertise with property and equipment. I saw firsthand what they did to significantly reduce Oceaneering’s property tax liability, in some locations by over 50% from the proposed notice of value. In conclusion, I strongly recommend ITC.”
