Refining & Petrochemical Properties

Our tax consultants have over 20 years of experience with refining and petrochemical concerns. Our staff will review capitalized expenditures for exempt, obsolete and non-taxable assets. We also look at environmental impact strategies related to asset value along with pollution control exemptions. We analyze how sustainability and global reporting initiatives (GRI) affect production and bottom-line numbers. Our staff does double assessment reviews of your current assets, economic obsolescence based on production versus capacity or energy efficiencies and determine if reclassification or special treatment of assets is needed due to functional obsolescence or process bottlenecks. Our staff looks at plant complexity and conversion rates along with technological advances to determine if your equipment is technologically obsolete based on a global economy. We analyze raw material and finished product transportation costs. We will also review your inventory for potential exemptions.

Our goal is to ensure that your properties assessed value is based on market value. We accomplish this by researching market sales to support our proposed values and depreciation schedules.

Our staff will prepare personal property returns based on our analysis listed above and minimizing your internal workload. We timely file all necessary appeals with the appropriate taxing authorities and represent you at all settlement negotiations including informal meetings, appearances before Assessment Review Boards and legal remedies, if needed. Our office also handles Central and Apportioned Assessments.

Industry Experience

Carbon Black Manufacturing

• J. M. Huber Corporation
• Cabot Corporation

Chemical Manufacturing

• Allied Signal
• Stouffer Chemical
• Rhone Poulenc
• Quantum Chemical
• Witco Corporation
• Pergan Marshall
• Chameleon Industries

Coal Processing

• Norit Americas

Gas Processing

• Exxon Corporation
• Arkla Inc.
• Ensearch Processing
• Hunt Oil Company
• Union Pacific Resources
• Mobil Production

Lignite Mining & Processing

• Norit Americas

Oil Field Control Systems

• J.M. Huber - Flow Control Inc.
• Aereon

Oil Production, Processing, & Refining

• Pennzoil Company
• Amax Oil and Gas
• Endevco
• Apache Oil and Gas

Oil Related Products Storage & Terminalling

• S T Services/A Kaneb Co.

Organic Chemical Manufacturing

• Atochem

Oxygen, Argon, Nitrogen, Helium & Carbon Monoxide Production & Purification

• The BOC Group/BOC Gases
• The Linde Group
• Messer LLC

Petrochemicals

• Quantum Chemicals

Sulfur Processing

• Shell Western E & P

Thermal Oil Recovery Project - O2

• Union Carbide Production

Underground Storage

• Natural Gas Pipeline Co.
• Lone Star Gas
• Utilicorp (Aquila Energy)