January 2012 Results

January 30, 2012 The Oklahoma Corporation Commission approves a severance tax refund application filed by Petroleum Accounting Consultants for Oklahoma City based energy firm.

January 27, 2012 Petroleum Accounting Consultants files for a gross production tax rebate application with the Oklahoma Corporation Commission for Houston, TX based oil and gas operator for a well that was worked over in June 2001. PAC receives two approved form 1534s from the Oklahoma Corporation Commission and files gross production tax refund claims totaling $14,332 for Oklahoma City based oil and gas partnership.  PAC also files gross production tax refund claims for large Houston, TX based oil and gas exploration company totaling $335,595. PAC continues field work at Tulsa, OK oil and gas operator.


January 26, 2012 Petroleum Accounting Consultants files form 1534 with the Oklahoma Corporation, for Tyler, TX oil and gas operator, on a well that was worked over in April 1999.


January 25, 2012 Petroleum Accounting Consultants applies for a gross production tax rebate on two wells operated by Tyler, TX oil and gas firm.  PAC also files for refunds for the same operator totaling $14,869 on four various wells.

January 24, 2012 Petroleum Accounting Consultants files with the Oklahoma Tax Commission severance tax refund claims totaling $32,771.43 for Houston, TX based oil and gas operator.


January 23, 2012 Petroleum Accounting Consultants receives approved form 1534 for severance tax refund from the OCC.  PAC files for severance tax refunds totaling $6,126 with the Oklahoma Tax Commission for Houston, TX based energy firm.


January 20, 2012 Petroleum Accounting Consultants files for a severance tax refund with the Oklahoma Corporation Commission for two wells operated by a top ten company in the world.  PAC files for gross production tax refunds with the OTC for the same company on one well totaling $9,187.


January 18, 2012 Petroleum Accounting Consultants continues severance tax refund field work at Houston, TX top ten energy firm.


January 16, 2012 Petroleum Accounting Consultants submits Oklahoma Tax Commission form 328 for a gross production tax refund claim totaling $41,026 split between two different oil and gas operators.


January 13, 2012 Petroleum Accounting Consultants starts field work at Stillwater, OK oil and gas operator looking for severance tax refund opportunities that had been previously missed.


January 12, 2012 Petroleum Accounting Consultants receives eight OCC form 1534 approvals for gross production tax refund.


January 6, 2012 Petroleum Accounting Consultants files ten gross production tax refund applications with the Oklahoma Corporation Commission bringing the total applications for this Oklahoma City based oil and gas exploration and production company to 27 during the last three days for a company that operates only 50 wells.  PAC also files Oklahoma Tax Commission form 328 for a severance tax refund for Houston, TX top ten energy firm totaling $576,292.


January 5, 2012 Petroleum Accounting Consultants files for nine Oklahoma gross production tax refund applications for Oklahoma City based oil and gas exploration and production company.

January 4, 2012 Petroleum Accounting Consultants files 13 severance tax refund applications for three various Oklahoma City based oil and gas operators.


January 3, 2012 Petroleum Accounting Consultants files 12 form 1534s with the Oklahoma Corporation Commission to get approval to obtain a severance tax refund from the Oklahoma Tax Commission for oil and gas companies located in Oklahoma City, Tulsa, and Tyler, TX.  PAC files severance tax refund claims with the Oklahoma Tax Commission totaling $16,565 for Tyler, TX oil and gas firm.

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Testimonials

"We engaged Petroleum Accounting Consultants, PLLC to review the wells we operate for gross production tax refunds. Petroleum Accounting Consultants, PLLC performed all the work necessary to determine eligibility. All we had to do was sign the forms submitted to the Corporation Commission and Tax Commission. As a result of Petroleum Accounting Consultants, PLLC's work we received substantial refunds of gross production taxes. Petroleum Accounting Consultants, PLLC is continuing to review our workovers and file refund claims for us. We are extremely pleased with their work and professional attitude."

- Phoenix Oil & Gas, Inc. - Jack Nogalski

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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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