PASSA Meeting – January 22, 2025

PASSA Meeting
Wednesday, January 22nd, 2025
11:30 am – 1:00 pm (lunch provided-free)
San Antonio Petroleum Club
Sign-in Begins at 11:00 am
Guests are welcome: lunch fee is $25

Speaker Name: David Clay

Speaker Bio: David boasts a multifaceted background in energy finance, geo-analytics, and petroleum geology, which he uses to cater to the diverse needs of his clients. He blends his Geological subsurface expertise, data analytics, and years of Property Tax experience to offer unmatched services to his clients. David has previously held the roles of Geological Manager and Chief Advisor at Ames Energy Advisors, LLC, where he served mineral clients for over a decade. Originally from Houston, Clay established roots in San Antonio, where he received his undergraduate degree in Geology and Finance from Trinity University. He later earned a master’s degree in Energy & Earth Resources at the University of Texas at Austin, with a concentration in Petroleum Geology and Energy Finance.

Company Name: CRA Advisors, LLC

Topic: Mineral Property Ad Valorem Appraisal & Taxation

Course Description

This course is a detailed presentation on the Texas Property Tax Code, how it specifically relates to Mineral Property and the technical appraisal method of what is behind “Market Value”. We will review 1) the Texas Tax Code: how it governs mineral property, 2) the County Appraisal Districts: how they are structured and who is involved, 3) mineral property appraisal methodology: how reservoir depletion models are involved and how subjective they can be, 4) and lastly, the process of protesting the property appraisal if you disagree with the valuation.

Learning Objectives

1. Texas Property Tax Code Overview
2. County Appraisal District Structure and Process
3. Mineral Property Appraisal Methodology
4. Reserve Modeling and Cash Flow outputs
5. How to protest Mineral Property Appraisals

• Program Level: Basic
• Pre-requisites: None
• Advance Preparation: None
• Delivery Method: Group Live
• Field of Study: Taxes
• CPE Credits: 1.0

Council of Petroleum Accountants Societies (COPAS), Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.