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Industrial Tax Consulting’s

energy tax consulting

providing cost-effective tax solutions to the energy sector since 2003

the leader in energy tax consulting

Our Permian Basin office is supported by a diverse team of highly experienced and Designated Appraisers and Senior Property Tax Consultants with over 50 years of private practice in appraising minerals, pipelines, and oilfield service equipment.

“Along with years of experience and expertise consulting on all matters related to property value, ITC provides a level of comfort for their clients that is second to none.”

GE Oil and Gas Corporate Taxes

Multi-State oil and Gas Tax Services

  • Rendition and Compliance Serivces
  • Valuation Appeals and Board Hearing Representation
  • Site Inspections
  • Mobile Personal Property Valuation
  • Sales and Use Tax Reviews
  • Severance Tax Reviews
  • Mineral Appraisals 
  • Finalized Values and Accruals 
  • Tax Bill Processing

OIL AND GAS INDUSTRIES SUPPORTED

Learn more about our focus areas below

UPSTREAM
  • Asset Appraisal of Producing Oil and Gas Leases
MIDSTREAM
  • Pipelines
  • Crude Oil Terminals
  • Truck Loadout Stations
  • Compressor Stations
DOWNSTREAM
  • Chemicals
  • Refining
  • Gas Processing
  • NGL Plants
SUBSEA
  • Wellheads,
  • Control Systems
  • Turbomachinery
  • Pipes, Trees, and Manifolds
WELL SERVICING
  • Workover Rigs
  • Wirelines
  • Pressure Pumping
  • Fracking
  • Cementing
  • Trucking
DISPOSAL SERVICES
  • Sand Mines,
  • Trans-Loading Facilities
  • Transportation Assets

EXPLORATION

  • Seismic Equipment
  • Geophysical Equipment
RENTALS
  • Fishing Tools
  • Submersible Pumps
  • Mobile Equipment
  • Compressors
PROPPANTS
  • Sand Mines
  • Trans-Loading Facilities
  • Transportation Assets
OILFIELD MANUFACTURING
  • Pipe
  • Downhole Tools
  • Vessels
  • RigUp Services

THE RIGHT TEAM, FOR THE RIGHT RESULTS, ITC.

Client Success Story

Our energy tax practice effectively reduced the value of a land-based drilling contractor from:

$704 million to $353 million.

Result:

Million Dollar Assessment Reduction for Client

Result:

THOUSAND IN CLIENT TAX SAVINGS

%

Reduction in Clients assessment

” I saw firsthand what they did to significantly reduce Nabor’s property tax liability, in some instances by over 50% from the noticed or proposed assessment. I strongly endorse Industrial Tax Consulting when it comes to the representation and negotiation on behalf of drilling rigs and oilfield service companies.”

THE TRUSTED NAME IN ENERGY

TAX CONSULTING

Clay and the ITC team have substantially reduced the property tax expense for Oceaneeering’s properties. They exhibit professionalism and attention to detail that give me complete confidence in their work.
Since bringing ITC on board, the property tax savings have been substantial to Oceaneering International.

They showed a genuine interest and understanding of our industry and in helping ensure we maximized our property tax savings potential. We genuinely look forward to working with them in 2017 and would highly recommend their services for any property tax related issues you may encounter.

The Right Team, For the Right Results, ITC.

ASK ENERGY TAX SPECIALIST YOUR QUESTION!