Oil and Gas Practice
Oil & Gas
AT Tax Advisory has built a tax consulting program specifically designed for the oil and gas industry. The major focus of the AT Tax Advisory division is to help our clients by minimize their tax liabilities. The process we employ contemplates the use of our diverse team of experts, starting with the highly knowledgeable and experienced petroleum engineers who can quickly determine the value of oil and gas upstream, midstream and downstream assets and energy industry-specific business personal property.
Our group of tax advocates, with the valuation evidence in hand, then work to ensure that our clients pay only their fair share according to the local statutes. In many states, third-party appraisers are contracted by the local assessors to value oil and gas assets. While the valuation process of the third-party appraisers is required to follow specific appraisal guidelines, we often find their models do not reflect the prevailing market conditions nor do they accurately reflect the specific operations of our clients and the utilization of their assets.
We work closely with the assessor’s representatives to determine where differences exist. Where disputes arise, we try to resolve them at the informal level to the benefit of our clients. Unlike other firms, if differences remain, we continue the appeals process through both formal and judicial appeal levels. We find that with other firms, they have achieved some marginal reductions; however, the additional work to adequately represent their client’s interest is either too time consuming or will require additional expense. We believe this is the key difference between our firm and others in the industry.
Our team of industry experts can quickly review and assess if the underlying basis of your taxes is reasonable. We do this work at no charge to our clients. Trust your oil and gas assessments to a company with a proven track record for advocating your best interest.