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Louisiana Appeals Court Upholds Pipeline, Well Tax Assessment

Sept. 2, 2022, 6:53 PM

Perdido Energy Louisiana LLC failed to convince a Louisiana appeals court that the value of its oil and gas producing property should have been reduced because some of the equipment has become obsolete.

The company failed to submit sufficient evidence to support a reduction of fair market value for its property based on obsolescence for the 2018 tax year, the Louisiana First Circuit Court of Appeal ruled Thursday.

The Louisiana Tax Commission’s “decisions are legally supported by applicable statutory and administrative authority and are factually supported by the record evidence,” Judge Mitchell R. Theriot wrote, affirming decisions ...