Welcome to Petroleum Accounting Consultants, PLLC

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.

Recent Tax Refund Filings

Petroleum Accounting Consultants has filed for over $13 million dollars in refund claims over the last 12 months. Contact us today at 405-759-2708 to learn more about how we can increase your firm’s bottom line by obtaining a tax refund. April 2014 — $814,562.94 March 2014 — $3,281,141.05 February 2014 — $1,094,902.75 January 2014 — […]

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"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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Featured Service

Gross Production Tax Refunds

Over the years we have worked with over 70 companies and recovered over $30 million in refunds for those companies. We have obtained refunds for large publicly traded companies and small privately held companies. We have been able to get a a refund of gross production taxes for every client that has retained our services.

Because of our years of experience we are able to obtain these refunds with very little of our clients' time. Based on our experience we are able to identify opportunities that in-house accountants would miss. Outsourcing your gross production tax refunds will result in a larger refund because of our years of experience. Our fees are based on a contingency fee structure so there is no fee is we are not able to recover a refund for your company. Give our office a call today to schedule your free assessment of the refunds that may be available to your company.

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