P&A is committed to the uniform and accurate appraisal of oil and gas mineral interests, including the proper application of the new “circuit breaker” law that limits large increases in taxable value from the previous year under certain circumstances

Per Chapter 22 of the Texas Property Tax Code, all tangible taxable personal property used for the production of income (i.e., business personal property, or BPP) that a company owns or manages and controls as a fiduciary on January 1 must be “rendered” for taxation.

From time to time we get questions from clients (or potential clients) who want to know the functions or purpose of a private consulting firm like Pritchard & Abbott, Inc. 

P&A is committed to the uniform and accurate appraisal of all pipelines. Beginning tax year 2015 we’ve instituted a new policy regarding pipelines we appraise using the Cost Approach.

We've improved our production forecast abilities by incorporating a hyperbolic formula using parameters from Aries decline curve software.