Welcome to Petroleum Accounting Consultants, PLLC

Since 2002 Petroleum Accounting Consultants has been providing accounting and tax services to oil and gas operators.  Our services range from obtaining severance and sales tax refund for oil and gas operator to revenue distribution and joint interest billings.  

Oil and gas producers face a number of complex accounting and tax situations unique to their industry. Complexities in the various severance tax and sales tax laws make it increasingly difficult to stay abreast of and take advantage of the various tax incentives. We provide our severance tax review service on a contingency fee basis so there is no risk.  We have recovered over $32 million in severance tax and sales tax refunds for our clients' since 2002.  Our firm prides itself in being able to obtain the largest tax refund possible for our client's with very minimal time required from our clients.  

Recent Success

February 2, 2012 Petroleum Accounting Consultants files form 328 with the Oklahoma Tax Commission for a gross production tax refund claim totaling $144,465 for Houston, TX global energy firm.

February 1, 2012 Petroleum Accounting Consultants files for gross production tax refunds for top ten company in the world based out of Houston, TX totaling $1,039,979. These refund claims range in time from January 1997 through June 2003. These refund claims were filed based on Oklahoma Senate Bill 841.
January 30, 2012 The Oklahoma Corporation Commission approves a severance tax refund application filed by Petroleum Accounting Consultants for Oklahoma City based energy firm.
January 27, 2012 Petroleum Accounting Consultants files for a gross production tax rebate application with the Oklahoma Corporation Commission for Houston, TX based oil and gas operator for a well that was worked over in June 2001. PAC receives two approved form 1534s from the Oklahoma Corporation Commission and files gross production tax refund claims totaling $14,332 for Oklahoma City based oil and gas partnership. PAC also files gross production tax refund claims for large Houston, TX based oil and gas exploration company totaling $335,595. PAC continues field work at Tulsa, OK oil and gas operator.

January 26, 2012 Petroleum Accounting Consultants files form 1534 with the Oklahoma Corporation, for Tyler, TX oil and gas operator, on a well that was worked over in April 1999.
January 25, 2012 Petroleum Accounting Consultants applies for a gross production tax rebate on two wells operated by Tyler, TX oil and gas firm. PAC also files for refunds for the same operator totaling $14,869 on four various wells.

January 24, 2012 Petroleum Accounting Consultants files with the Oklahoma Tax Commission severance tax refund claims totaling $32,771.43 for Houston, TX based oil and gas operator.

January 23, 2012 Petroleum Accounting Consultants receives approved form 1534 for severance tax refund from the OCC. PAC files for severance tax refunds totaling $6,126 with the Oklahoma Tax Commission for Houston, TX based energy firm.

January 20, 2012 Petroleum Accounting Consultants files for a severance tax refund with the Oklahoma Corporation Commission for two wells operated by a top ten company in the world. PAC files for gross production tax refunds with the OTC for the same company on one well totaling $9,187.

January 18, 2012 Petroleum Accounting Consultants continues severance tax refund field work at Houston, TX top ten energy firm.

January 16, 2012 Petroleum Accounting Consultants submits Oklahoma Tax Commission form 328 for a gross production tax refund claim totaling $41,026 split between two different oil and gas operators.

January 13, 2012 Petroleum Accounting Consultants starts field work at Stillwater, OK oil and gas operator looking for severance tax refund opportunities that had been previously missed.

January 12, 2012 Petroleum Accounting Consultants receives eight OCC form 1534 approvals for gross production tax refund.

January 6, 2012 Petroleum Accounting Consultants files ten gross production tax refund applications with the Oklahoma Corporation Commission bringing the total applications for this Oklahoma City based oil and gas exploration and production company to 27 during the last three days for a company that operates only 50 wells. PAC also files Oklahoma Tax Commission form 328 for a severance tax refund for Houston, TX top ten energy firm totaling $576,292.
January 5, 2012 Petroleum Accounting Consultants files for nine Oklahoma gross production tax refund applications for Oklahoma City based oil and gas exploration and production company.

January 4, 2012 Petroleum Accounting Consultants files 13 severance tax refund applications for three various Oklahoma City based oil and gas operators.
January 3, 2012 Petroleum Accounting Consultants files 12 form 1534s with the Oklahoma Corporation Commission to get approval to obtain a severance tax refund from the Oklahoma Tax Commission for oil and gas companies located in Oklahoma City, Tulsa, and Tyler, TX. PAC files severance tax refund claims with the Oklahoma Tax Commission totaling $16,565 for Tyler, TX oil and gas firm.
December 31, 2011 With gross production tax refunds for July 2009 through June 2010 expiring today PAC files refund claims with the Oklahoma Tax Commission totaling $652,473.

December 30, 2011 Petroleum Accounting Consultants files OTC form 328 for severance tax refunds for $8,933 for Tulsa, OK oil and gas company. These refunds would have expired in 24 hours if PAC didn’t file these refund claims.

December 29, 2011 With only three days remaining until Oklahoma gross production tax refunds expire for taxes paid for production from July 2009 through June 2010 Petroleum Accounting Consultants files for a gross production tax refund on one well for $474,242. PAC files for severance tax refunds totaling $1,286,999 for Oklahoma City based oil and gas operator which would have expired in just three days.

December 28, 2011 Petroleum Accounting Consultants files gross production tax refund claims with the Oklahoma Tax Commission totaling $101,360 for Tyler, TX oil and gas operator. These severance tax refunds were filed as part of Oklahoma Senate Bill 841. PAC continues field work at Tulsa, OK oil and gas partnership.

December 27, 2011 Five days until refunds from June 30, 2009 through July 2010 expire PAC files 13 forms 1534s with the Oklahoma Corporation Commission to get wells approved for a severance tax refund for four seven different oil and gas firms. PAC files oil and gas severance tax refund claims with the OTC for $1,327,610 just five days before the refunds would have expired. PAC continues field work at Tulsa, OK oil and gas partnership.

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Featured Service

Severance Taxes

An cost effective alternative to hiring your own accounting staff to complete your severance tax reporting requirements is to hire Petroleum Accounting Consultants, PLLC.

Our consultants can complete your severance tax returns and save you money on salary expense and payroll tax expense. More importantly our consultants are familiar with the various severance tax incentives offered by oil and gas producing states and can take advantage of them, which will save you money on your severance taxes.

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Testimonials

"It is a pleasure for me to recommend Petroleum Accounting Consultants, PLLC. They performed research of our files, preparation of data and preparation of the applications for properties that qualify for a refund of gross production taxes. The professionalism, the work ethic, with a minimum disruption of our normal work has made the tedious research necessary to apply for the refunds a reasonable project for a small firm such as ours."

Bird Oil & Gas, Inc. - Billy C. Griffin, P.E.

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