February 2012 Results

February 29, 2012 Petroleum Accounting Consultants received approval of six applications for tax rebates for three oil and gas companies out of Oklahoma.


February 27, 2012 Oklahoma Corporation Commission approved nine 1534s filed by Petroleum Accounting Consultants for four different oil and gas operators based out of Oklahoma.


February 24, 2012 Petroleum Accounting Consultants was granted approval for a refund for a oil and gas company based out of Tyler, TX.


February 22, 2012 Petroleum Accounting Consultants files five 1534 forms to the Oklahoma Corporation Commission for a Mustang, OK based oil and gas operator of over 70 Oklahoma Wells.


February 21, 2012 Petroleum Accounting Consultants received approval for a refund from the Oklahoma Tax Commission for an oil and gas operator out of Edmond, OK. Petroleum Accounting Consultants also receives approval for an Oklahoma City based oil and gas company.


February 17, 2012 Petroleum Accounting Consultants submitted form 1534 to the Oklahoma Corporation Commission for oil and gas operator out of Fredericksburg, TX.

February 16, 2012 Petroleum Accounting Consultants begins field work for an Edmond, OK based oil company that operates over 145 wells.


February 15, 2012 Petroleum Accounting Consultants receives a total of $29,432.50 in refunds from the Oklahoma Tax Commission for a 25 year old oil and gas operator out of Oklahoma City.


February 10, 2012 Petroleum Accounting Consultants applies for four gross production rebates with the Oklahoma Corporation Commission for an oil and gas operation of out Tulsa Oklahoma. Also, Petroleum Accounting Consultants files a 1534 form for a Houston, TX global energy firm. Petroleum Accounting Consultants also begins field work for an oil and gas company based out of Oklahoma City, OK.


February 9, 2012 Petroleum Accounting Consultants starts field work for an Oklahoma based oil and gas firm that operates over 30 Oklahoma wells.


February 6, 2012 Petroleum Accounting Consultants files eight 1534 forms to the Oklahoma Corporation Commission for Tulsa, OK based oil and gas operator of over 1,000 wells.


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.

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Testimonials

"I found their staff to be very knowledgeable and professional. Because of their knowledge of the rules and requirements, they were able to tell me which wells would qualify for relief. Many wells were eligible that I did not think would be according to my interpretation of the requirements.

I was very pleased with the outcome and the amount of refunds that I received. I look forward to a continuing relationship with Petroleum Accounting Consultants and I highly recommend their services."

Lewis A. Hembree Production Company
Lewis A. Hembree


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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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