Sean M. Hugo, CPA

SH-93

After graduating from Oklahoma State University with an accounting and marketing degree, Sean accepted a position with KPMG.   After gaining oil and gas exposure at KPMG, Mr. Hugo developed an immediate interest in the oil and gas industry and wanted to gain more experience so he accepted a position with Devon Energy.  Mr. Hugo was exposed to many areas of oil and gas accounting, tax and operations while at Devon.  He was also able to identify and recover over $5 million dollars in severance tax and sales tax refunds.

In 2001 Mr. Hugo decided to expand the knowledge he had developed while at Devon and start his own CPA practice specializing in the oil and gas industry.   PAC continues to bring oil and gas operators and investors specialized industry knowledge, which the traditional CPA firm can’t deliver. Mr. Hugo concentrates his practice in the areas of severance tax, sales tax and income tax refunds.  Mr. Hugo also spends a considerable amount of time overseeing monthly oil and gas revenue distribution and joint interest billings.

Mr. Hugo has spoken at World Energy’s seminar “The Next El Dorado” in San Diego.  The seminar included oil and experts such as Professor Michael J. Economides and Dr. Amiel David amongst others.   Mr. Hugo spoke on the tax advantages of investing in oil and gas. Mr. Hugo is a member of the American Institute of Certified Public Accountants, Oklahoma Society of Certified Public Accountants and the Oklahoma Independent Petroleum Association.

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Testimonials

"I have been extremely pleased with results Petroleum Accounting Consultants, PLLC has obtained for my company. The professional and knowledgeable staff obtained a substantial refund of tax dollars that we would not have had the time or the expertise to recover ourselves.

In order for them to perform their review it took less than one hour of my time. All that was required of me was to show their staff where the well files were and they took it from there. They completed all the necessary filings with the state agency's to obtain the refund and all I had to do was sign the refund checks.

It has been a great pleasure to deal with Petroleum Accounting Consultants, PLLC and we will continue to use their services. I would strongly recommend that all oil and gas operators contact Petroleum Accounting Consultants, PLLC to perform a review of their severance taxes."


Centaur Resources, Inc. - Ernest G. Brewer Jr.

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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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