Pipelines

The lifeline of our nation’s energy infrastructure and transportation industry are also capital assets.

Pipelines serve as an effective transportation channel for crude oil, natural gas and a variety of refined petroleum products—and they generate revenue based on the various ways in which they are regulated. Some pipelines are interstate, while others are intrastate, and understanding the pipeline valuation requires experience dealing with multiple states and regulatory guidelines.

evcValuation is a knowledgeable appraisal entity that provides pipeline valuation services, supported by our in-depth understanding of the complexities and dynamics of the pipeline industry. Our ASA-accredited specialists are experienced in pipeline valuation methodology for both interstate and intrastate pipelines. We have the knowledge required to tailor our analyses to your specific pipeline valuation purposes.

evcValuation’s pipeline valuation services include experiential knowledge of these factors:

Regional Refined Product Markets
Global Crude Oil Markets
Construction Capital Costs
Supply/Demand Market Conditions
Environmental/Regulatory Issues (past, present and future)
Expected levels of industry returns on investment
Age/Life Relationships of equipment
Federal Energy Regulatory Commission (FERC) Tariffs
Operating Characteristics of new and old facilities
External Operating Characteristics effecting plant operations
Commodity price projections
Levels of operating expenses and required capital investments

Many pipelines are regulated by the Federal Energy Regulatory Commission (FERC), which governs their economics and operations. Additionally, some pipelines fall under state agency oversight, representing the interests of the communities they are built through. At evcValuation, we meticulously account for all relevant factors in our valuation process, ensuring our pipeline appraisal reports are both highly accurate and exceptionally relevant to our clients’ needs.

What Our Clients Say

We have used evcValuation on multiple power generation plants throughout the United States with respect to ad valorem property tax disputes. The dedicated professionals at evcValuation go to great lengths to ensure their reports are both thorough and accurate. To achieve this, they dig deeper and pull back layers that many would simply gloss over…

Dan Zazzali
Partner
McCarter & English LLP

We’ve worked with evcValuation for several years on property tax disputes that’s reached a state-level appeal board. The team is well qualified for dealing with power plants and power market specifics. They understand differences across technologies and markets and how to account for these in their work. The specific property they’ve advised us on has a host of complexities, and I’ve been impressed with evc’s thoughtful approach and ability to tackle these issues. They work efficiently and have always responded to any questions or concerns we’ve had promptly. Kevin and his team provide a solid product and they’re at the top of our list of people to call for property tax disputes.

Jonathan Beach
Jonathan Beach
Principal
Rockland Capital

We have used evcValuation on several projects in Oklahoma, ranging from railroads to renewable energy properties. Kevin Reilly’s testimony was instrumental in achieving success in the landmark Oklahoma wind case, Kingfisher Wind, LLC v. Wehmuller, 2022 OK 83, 521 P.3d 786. Kevin’s team at evc is top-notch. They are thoughtful, thorough, and prompt with their work and communication with the attorneys and the client. We look forward to working with them in the future.

Jay Dobson
Jay Dobson
Partner
Elias, Books, Brown & Nelson

I’ve partnered with Kevin Reilly and evcValuation on some of the most complex valuation assignments in the country, including nuclear power plants, cogeneration facilities, wind and solar farms, battery storage sites, and more. In every instance, evcValuation brings an unparallelled level of expertise and integrity to the table.

What makes Kevin such a powerful and credible witness isn’t just his knowledge or meticulous preparation—it’s that he is never an advocate for his client. He is an advocate for the right value. Commitment to objectivity is evcValuation’s “secret sauce” and why juries and judges find them so credible. Kevin’s objectivity allows him to maintain an even demeanor in deposition or on the witness stand under the most rigorous examination.

When it comes to valuation of complex properties, evcValuation is the best in the business. There are a number of appraisers who write excellent reports, and there are several who tell a good story. evcValuation is one of the very few who do both. Their work is consistently thorough, defensible, and rooted in a deep understanding of appraisal theory, the subject property, and the market. When the stakes are high, you need the best in your corner, which is why evcValuation is our first call.

Raymond Gray
Raymond Gray
Founding Partner of Gray Winston & Hart, PLLC