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Services Offered

Services Offered. Increased Profitability at No Cost. Reduction of Severance Tax Liabilities Reduction of Royalty Burden Monthly Calculation of PPC Tax Exemption Refund Calculation. Tax Incentives. RRC Rule 101. Tax Incentive Project. Types of Incentive Projects: High Cost Gas Exemption

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Services Offered

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  1. Services Offered Increased Profitability at No Cost • Reduction of Severance Tax Liabilities • Reduction of Royalty Burden • Monthly Calculation of PPC • Tax Exemption Refund Calculation

  2. Tax Incentives RRC Rule 101 Tax Incentive Project • Types of Incentive Projects: • High Cost Gas Exemption • Two Year Inactive Well Exemption • Three Year Inactive Well Exemption • Co-Production Well Exemption • Incremental Production Well Exemption (EOR)

  3. Tax Incentive Project • The Shiv Om Advantage • In house, state of the art, designed software allows us to access state revenue and RRC production data • Ability to extract all lease production data by producer by field • Ability to extract revenue reported to State by producer as far back as 1989

  4. Project Benefits • Substantial refund • Reduce future tax liability • Increase economic reserves • Increase selling value • Extend payout for Type 5 wells

  5. Confidentiality • Confidentiality is a part of our agreement with the client • Upon termination of contract, all data is purged from our system

  6. Why Shiv Om ??? Additional benefits !!! • All videotapes belong to client • All flow diagrams belong to client & • Shiv Om provides free training to client • Shiv Om shares legal expense Only Shiv Om provides above services !!

  7. States Serviced States serviced by Shiv Om

  8. Our Clients • Amoco Production Company (now BP America) • Anadarko Petroleum Corporation • Atlantic Richfield Company (now BP America) • BP America • Burlington Resources (now ConocoPhillips) • Chesapeake Operating, Inc. • Chevron, Inc. • Conoco, Inc. (now ConocoPhillips) • Exxon Corporation (now Exxon Mobil Corporation) • Four Star Oil & Gas Company (now Chevron) • Hess Corporation • Hilcorp Energy Company • Kerr-McGee Corporation (now Anadarko) • Mobil E & P Company (now Exxon Mobil Corporation) • Oxy Permian Ltd. • Penn Resources, Inc. • Phillips Corporation (now ConocoPhillips) • Pure Resources, Inc. (now Chevron) • Shell Western E&P Inc. • Texaco, Inc. (now Chevron) • Triad Energy Corporation • Union Oil Company of California (now Chevron)

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