Perdido Energy Louisiana, LLC v. Acadia Parish Board of Review James J. Petitjean, in his capacity as Assessor for Acadia Parish and the Louisiana Tax Commission

CourtLouisiana Court of Appeal
DecidedSeptember 1, 2022
Docket2022CA0115, 2022CA0116, 2022CA0119, 2022CA0117, 2022CA0118
StatusUnknown

This text of Perdido Energy Louisiana, LLC v. Acadia Parish Board of Review James J. Petitjean, in his capacity as Assessor for Acadia Parish and the Louisiana Tax Commission (Perdido Energy Louisiana, LLC v. Acadia Parish Board of Review James J. Petitjean, in his capacity as Assessor for Acadia Parish and the Louisiana Tax Commission) is published on Counsel Stack Legal Research, covering Louisiana Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Perdido Energy Louisiana, LLC v. Acadia Parish Board of Review James J. Petitjean, in his capacity as Assessor for Acadia Parish and the Louisiana Tax Commission, (La. Ct. App. 2022).

Opinion

STATE OF LOUISIANA

COURT OF APPEAL

FIRST CIRCUIT

NO. 2022 CA 0115

PERDIDO ENERGY LOUISIANA, LLC

VERSUS

ACADIA PARISH BOARD OF REVIEW; JAMES J. PETITJEAN, IN HIS CAPACITY AS ASSESSOR FOR ACADIA PARISH; AND THE LOUISIANA TAX COMMISSION

CONSOLIDATED WITH

NO. 2022 CA 0116

EVANGELINE PARISH BOARD OF REVIEW; DIRK DEVILLE, IN HIS CAPACITY AS ASSESSOR FOR EVANGELINE PARISH; AND THE LOUISIANA TAX COMMISSION

NO. 2022 CA 0117

BEAUREGARD PARISH BOARD OF REVIEW; BRENT RUTHERFORD, IN HIS CAPACITY AS ASSESSOR FOR BEAUREGARD PARISH; AND THE LOUISIANA TAX COMMISSION

NO. 2022 CA 0118

RAPIDES PARISH BOARD OF REVIEW; RICHARD I. DUCOTE, JR., IN HIS CAPACITY AS ASSESSOR FOR RAPIDES PARISH; AND THE 0 LOUISIANA TAX COMMISSION c..,, tia #. Hw,. ,,,,.;, . zX46. a

MV" j-. c6JMk ( odh 99trk S , CONSOLIDATED WITH

NO. 2022 CA 0119

VERNON PARISH BOARD OF REVIEW; MICHAEL C. BEALER, IN HIS CAPACITY AS ASSESSOR FOR VERNON PARISH; AND THE LOUISIANA TAX COMMISSION

Judgment Rendered. SFP 01 2022

Appealed from the 19th Judicial District Court In and for the Parish of East Baton Rouge State of Louisiana Case No. 693700, Sec. 25 consolidated with

Case Nos. 693701, 693702, 693703, 693704

The Honorable Wilson E. Fields, Judge Presiding

Kyle P. Polozola Counsel for Plaintiff/Appellant Lafayette, Louisiana Perdido Energy Louisiana, LLC and

Phyllis D. Sims Baton Rouge, Louisiana

Brian A. Eddington Counsel for Defendants/ Appellees Baton Rouge, Louisiana James J. Petitjean, Assessor for Acadia Parish; Brent Rutherford, Assessor for Beauregard Parish; Dirk Deville, Assessor for Evangeline Parish; Richard I. Ducote, Jr., Assessor for Rapides Parish; and Michael C. Bealer, Assessor for Vernon Parish

Franklin " Drew" Hoffman Counsel for Defendant/ Appellee Baton Rouge, Louisiana The Louisiana Tax Commission and

Robert D. Hoffman, Jr. Madisonville, Louisiana

BEFORE: McCLENDON, WELCH, AND THERIOT, JJ.

2 THERIOT, J.

This is a judicial review proceeding arising from the denial of a taxpayer' s

request for a reduction in the fair market value of the taxpayer' s property based on

obsolescence. The taxpayer appeals from a district court judgment affirming the

decisions of the Louisiana Tax Commission (" LTC"). For the reasons set forth

herein, we affirm.

FACTS AND PROCEDURAL HISTORY

Perdido Energy Louisiana, LLC (" Perdido") owns oil and gas wells and

equipment subject to ad valorem taxation in Acadia, Beauregard, Evangeline,

Rapides, and Vernon Parishes. The property, which Perdido purchased in

December 2017, consists of 23. 88 miles of pipelines and a total of one hundred and

six wells, comprised of forty-seven active wells, eight injection wells, forty-eight

shut- in wells, and three temporarily abandoned wells.

This matter originated as a challenge by Perdido to the correctness of

assessments made by the Assessors for Acadia, Beauregard, Evangeline, Rapides,

and Vernon Parishes ( collectively " Assessor defendants"). After the Assessor

defendants assessed Perdido' s property located in their respective parishes for ad

valorem tax purposes, Perdido filed protests with the parish governing authorities

for the above -referenced parishes, challenging the amount of the assessments based

on a disparity between the adjusted purchase price ($ 3, 072, 671. 79) and the

assessed value ($ 58, 609, 795. 00). The protests were denied, and Perdido appealed

the denials to the LTC.

In its appeals to the LTC, Perdido argued that the Assessor defendants failed

to properly value and assess its oil/ gas wells, gathering pipelines, and equipment

based on the purchase price and on an appraisal prepared by Perdido' s expert,

Joseph Calvanico, and provided to the Assessor defendants. The five appeals were

consolidated for hearing before the LTC, which was held on October 23, 2019. At

9 the hearing, Perdido presented testimony from its president, secretary, and founder,

Joshua E. Holden; its property tax consultant, Daron Fredrickson; and its expert

appraiser, Joseph Calvanico. The Assessor defendants presented testimony from

Beauregard Parish Chief Deputy Assessor, Rhonda Farris; Acadia Parish Deputy

Assessor, Cheryl Boudreaux; Rapides Parish Assessor, Richard L Ducote, Jr.;

Vernon Parish Assessor, Michael C. Bealer; and Rodney Kret, an expert in the

field of assessment practice and procedure. The parties also filed a number of

exhibits into the record, including the Purchase and Sale Agreement; Mr.

Calvanico' s fair market value appraisal; and a document titled " Explanation of

Depreciation," which was prepared by Mr. Calvanico for the LTC hearing.

Joshua Holden testified that Perdido Energy Louisiana, LLC was formed in

conjunction with the purchase of the Louisiana property at issue in this matter.

Perdido' s business involves " going in and buying oil fields off of large companies,

figuring out ways to cut expenses and increase production to extend the longevity

and life of those fields." Mr. Holden testified that Perdido acquired the property at

issue in this matter in December 2017 for an adjusted purchase price of

approximately $ 3, 072, 000. 00, and explained that the purchase was an arms -length

transaction and did not involve a distressed seller. The purchase price included

conveyance of both tangible and intangible assets, including " wells, gathering

systems, flow lines, pipelines, processing equipment, compressors, jet pumps, salt

or disposal wells, leases, surface tracts, [ right- of-way] agreements, [ roadway]

agreements, [ road] use agreements... mineral interests, mineral servitude[ s] ...

participation agreements, [ and] joint operating agreements." There were liabilities

conveyed to Perdido in the sale as well, the largest of which was the liability of

plugging and abandoning wells. Mr. Holden testified that Perdido estimated the

cost of plugging and abandoning the wells at approximately $ 75, 000. 00 per well,

for a total plug and abandon liability of roughly $ 825, 000. 00. During the due

M diligence process prior to the sale, Perdido looked into the assessments and ad

valorem tax liability on the property, and Mr. Holden acknowledged that Perdido

was aware that the assessments were " pretty substantial." In fact, Mr. Holden

testified that part of the adjustment from the original purchase price of

approximately $ 4, 061, 000. 00 was for ad valorem taxes paid by Perdido on the

seller' s behalf. Although he explained that the substantial nature of the

assessments was not a" deal -stopper" for Perdido, Mr. Holden testified that

Perdido engaged a property tax consultant, Daron Fredrickson, at that time " to help

us understand those values and understand those assessments." When asked

whether supporting documentation was provided to the assessors regarding the

liabilities and other items affecting fair market value that he addressed in his

testimony, Mr. Holden testified that he provided only a copy of the purchase

agreement and the appraisal prepared by Mr. Calvanico, because the assessors did

not specifically request anything else.

Perdido' s appraiser, Joseph Calvanico, testified as an expert witness at the

LTC hearing. He was retained by Perdido in connection with the property tax

appeal to perform a fair market value appraisal of the purchased property. Mr.

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Perdido Energy Louisiana, LLC v. Acadia Parish Board of Review James J. Petitjean, in his capacity as Assessor for Acadia Parish and the Louisiana Tax Commission, Counsel Stack Legal Research, https://law.counselstack.com/opinion/perdido-energy-louisiana-llc-v-acadia-parish-board-of-review-james-j-lactapp-2022.