Since 2001 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 $40 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.