OUR APPROACH
Pursuing Every Opportunity to the Fullest Extent
Many producers struggle with incorporating rules and statutes set forth by the ONRR and State agencies, disseminating changes in those rules, and vague interpretations from Regulators. Companies are typically unaware issues exist within their regulatory reporting and processes and do not employ personnel with the skillsets to identify specific systemic errors, deductions and or incentives. These issues can be exacerbated by frequent changes to the rules and guidelines set forth by the ONRR and state agencies, making it difficult to:
- Maintain regulatory compliance
- Avoid civil penalties
- Identify missed opportunities to reduce royalty and severance tax burdens
- Defend against unfavorable ONRR and State audit findings
- Dispute erroneous interest assessments.
You need a partner who will simplify the complexity for you, finding every available opportunity to maximize deductions and incentives, reduce payables, and combat undesirable audit findings.
Our Consulting & Recovery services include:
- Royalty and Severance Tax Incentive identification and certification
- Compliance Review
- Non-arm’s length transportation/processing allowance calculations
- Arm’s length transportation/processing allowance recalculation
- Volume and value verification
- Royalty relief identification and certification
- Application of ONRR calculated unbundling cost allocations (UCAs)
- Dispute Regulatory Audit determinations