We are the leader in energy valuation and tax recovery
Oil & Gas
Valuing Oil & Gas Assets: Unique Challenges
The estimated reserves and production potential of oil and gas wells directly impact their value. Analyzing factors such as well productivity, recovery rates, decline curves, operating expenses, and estimated future cash flows is essential for accurately assessing the property’s worth.
Our experienced team conducts a thorough analysis of the oil and gas property, considering reserves and production analysis, market conditions, market decline rates, and operating expenses, regulatory considerations, and other relevant factors. This comprehensive analysis ensures an accurate valuation that reflects the property’s true worth.
For over 45 years, our firm has cultivated extensive connections and partnerships with these local assessors where energy assets are located, fostering open lines of communication and trust. There isn’t another firm in the energy industry that covers more of the industry or has more properties under appeal than our company. Establishing strong relationships with local government officials is crucial in working together to achieve a fair market value. These relationships enable us to navigate complex negotiations, present compelling cases, and advocate effectively for our clients’ interests.
The oil and gas industry is highly sensitive to market conditions, including commodity prices, supply and demand dynamics, and geopolitical factors. Understanding market trends and their impact on the industry is crucial for an accurate valuation.
Our team maintains a proprietary operating system, KA3 that is built for the valuation of oil & gas properties. This system allows us to track daily production rates, pull in third party operating expense data and run discounted cash flow analysis.
Tax Recovery Services
A leading sales tax compliance and recovery department exclusively dedicated to serving the energy industry, offering specialized solutions to ensure regulatory compliance and unlock potential tax savings. Our team of experts combines in-depth knowledge of energy sector sales tax regulations with advanced recovery strategies, empowering clients to optimize financial outcomes and focus on their core business operations.
A specialized severance tax compliance and recovery practice, delivering expert guidance and assistance to businesses in ensuring adherence to regulations and maximizing potential recoveries. Our comprehensive understanding of the intricacies severance taxes law enables us to navigate complexities, minimize risks, and uncover valuable tax savings for our clients.
A state and local tax ally to maximize savings and streamline reporting
Tax Appeal Consulting & Litigation
KE Andrews is the leader in tax appeals and minimizing property tax valuations. We represent your assets with our expertise.
Sales Tax Audits & Compliance
Our sales tax department performs both ongoing compliance for your team, as well as large cost recovery audits.
Severance Tax Audits & Compliance
Our capable severance tax team recoups millions per year in severance tax overpayments. We also provide compliance services to our clients.
Carbon Capture & Energy Transition
Our practice helps businesses capitalize on financial opportunities through expert analysis and strategic utilization of available tax credits and incentives.
Incentives & Abatements
The KEA team annually files abatements and incentives totaling tax savings of more than $300MM. Pollution control, site selection incentives, and more.
Tax Bill Administration & Check Writing Services
Full outsourcing of the check writing process is available through KEA. We paid more than $2 Billion in property taxes alone last year on behalf of clients.
Energy Practice by the numbers.
Best in class software architecture for energy portfolio management
Our large, in-house software development team has built a first-class web-based application that is proprietary to KEA. This allows for portfolio tracking, well-level allocations, immediate document downloads (notices, bills), interest ownership verification, accruals, and status tracking.