In the oilfield services industry, the value of specialized equipment used in mineral extraction and mining across the USA fluctuates annually, influenced by oil and gas markets and third-party drilling expenditures.

To account for these market fluctuations, our team conducts various analyses. Obsolescence studies focus on regional and product-based utilization to identify outdated and underutilized tools. Taxability analysis and involves examining records to identify items offshore and in interstate waters or off-site property. Inventory taxability studies review slow-moving and obsolete inventories, as well as in-transit items. Useful life studies analyze tool usage data to better determine the lifespan of custom and bespoke items in the marketplace. These efforts collectively aim to enhance operational efficiency and financial management within the industry.