HomeMy WebLinkAboutSupplemental Information Received During Oral Communications of Study Session from Ray Persey�,�- •���5io>1 ��"`P�%1��7 �°``l �f�`� e�r-�� Corr�ri��ntc��ic�v�
MUNICIPAL PETROLEUM ANALYSTS
Re: City of Seal Beach Strategic Objective - Oil Revenue Consultant
I'm here tonight to request that the City consider Municipal Petroleum Analysts
as a candidate for its Oil- Revenue Consultant.
As an Oil Revenue Audit & Recovery Company, MPA's past accomplishments
consulting to the City of Seal Beach are compelling:
In 2013 the City's Manager, Ms. Jill Ingram, contracted with MPA to conduct an
investigation of its oil tax. Based on MPA's findings, Ms. Ingram entered into a
second agreement for additional research and audit work. Combined, the City
paid MPA $48,000 for these two contracts. As a result, MPA immediately
recovered $216,862 for the City. IN TOTAL, the City will recover $1.4
MILLION of ADDITIONAL REVENUE AS A DIRECT RESULT OF HIRING
MPA. I'm certain this return -on- investment is unprecedented for the City.
In addition to identifying and recovering additional revenue for the City, MPA also
has audited, analyzed, and advised the City in regards to its:
- Oil Lease Royalties
- State Tideland Royalties
- Per - Barrel Tax (where MPA performed an extensive Comparative Oil Tax
Analysis across 18 Southern California municipalities)
Now, with respect to the City's current effort to hire an Oil Revenue Consultant,
MPA's capabilities are also compelling:
1) MPA already has maps and data of the City's oil pipelines, wells, & production
2) MPA already has analyzed the drilling logs of all the City's oil wells
3) MPA already has reviewed the City's oil pipeline franchises
4) MPA already has rewritten key sections of the City's Oil Municipal Code
5) MPA and the City have already drafted a third consulting agreement
6) Most Importantly, MPA already has identified over $13 MILLION in
ADDITIONAL OIL REVENUE available to the City!
In -short, MPA is the most successful, prepared, and qualified Oil Revenue Audit
& Recovery Company and is available to perform the tasks requested by the
City. I'm available to answer any questions of the Council or attendees.
Thank You.