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 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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Severance Taxes

An cost effective alternative to hiring your own accounting staff to complete your severance tax reporting requirements is to hire Petroleum Accounting Consultants, PLLC.

Our consultants can complete your severance tax returns and save you money on salary expense and payroll tax expense. More importantly our consultants are familiar with the various severance tax incentives offered by oil and gas producing states and can take advantage of them, which will save you money on your severance taxes.

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