February 2011 Results

February 28, 2011 Petroleum Accounting Consultants files for gross production tax refunds with the Oklahoma Tax Commission totaling $17,641.29.  PAC also files for gas marketing deduction refunds totaling $3,727.90 with the Oklahoma Tax Commission related to compressor rentals.  PAC files four more gross production tax rebate applications with the Oklahoma Corporation Commission.


February 25, 2011 Petroleum Accounting Consultants files over $5,000 in gross production tax refund requests for Oklahoma City based oil and gas operator.  Additionally, PAC files three tax rebate applications for Ardmore, OK based energy company.


February 20, 2011 Petroleum Accounting Consultants files for $23,497.05 in gross production tax refunds with the Oklahoma Tax Commission for Tulsa, OK based oil and gas operator.


February 16, 2011 Petroleum Accounting Consultants starts field work on severance tax refund project for Ardmore, OK based oil and gas operator.


February 15, 2011 Petroleum Accounting Consultants receives Oklahoma Corporation Commission approval on severance tax refund application for an enhanced recovery project for Oklahoma City based oil and gas operator.


February 14, 2011 Petroleum Accounting Consultants files for $39,596.75 in severance tax refund claims for various oil and gas operators.


February 10, 2011 Petroleum Accounting Consultants receives credit memos from the Oklahoma Tax Commission approving gross production tax refunds totaling $5,355.13 from Edmond, OK oil and gas operator. PAC also receives six approved applications from the Oklahoma Corporation Commission for Oklahoma City based oil and gas operator.  Petroleum Accounting Consultants reaches agreement with Houston based oil and gas operator to review their well files for gross production tax refund opportunities.


February 8, 2011 Oklahoma Corporation Commission approves gross production tax rebate application for filing Petroleum Accounting Consultants prepared for Edmond, OK oil and gas operator.


February 4, 2011 Petroleum Accounting Consultants files two tax rebate applications with the Oklahoma Corporation Commission for Edmond, OK oil and gas operator.


February 3, 2011 Petroleum Accounting Consultants files for two gross production tax rebate applications with the Oklahoma Corporation Commission for two Oklahoma oil and gas wells which had an enhancement project performed on them.


February 2, 2011 Petroleum Accounting Consultants receives credit memos from the Oklahoma Tax Commission approving $1,038,768.16 in gross production tax refunds claims just two months after being retained by Tulsa, OK oil and gas operator.  This oil and gas operator operates less than 60 oil and gas wells in Oklahoma.  These refund claims will certainly provide them with the opportunity to reinvest the refunds into the oil and gas industry and increase their production.


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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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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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