February 2013 Results

February 25, 2013 Petroleum Accounting Consultants filed four severance tax refunds for an oil and gas operator based out of Oklahoma City, OK. PAC applied for 14 gross production tax refunds totaling $64,678.56 for a publicly traded Oklahoma City, OK oil and and gas operator.


February 21, 2013 PAC applied for three severance tax refunds totaling $13,223.63 for a Texas based oil and gas operator. Petroleum Accounting Consultants filed 26 gross production tax refunds totaling $52,650.18 for an Oklahoma City, OK operator with over 200 wells.


February 13, 2013  PAC filed seven gross production tax refunds totaling $91,606.26 for an Oklahoma City, OK based oil and gas operator.


February 8, 2013  Petroleum Accounting Consultants filed two severance tax refunds totaling $69,994.97 for an oil and gas operator headquartered in Houston, TX.  PAC filed 16 gross production tax refunds totaling $175,071.75 for an Oklahoma City, OK based oil and gas operator.


February 5, 2013  PAC filed nine severance tax refunds totaling $53,051.01 for a small family owned company out of Edmond, OK with 85 wells.


February 1, 2013  Petroleum Accounting Consultants filed a gross production tax refund totaling $67,967.79 for a Houston, TX based oil and gas operator.

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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

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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