January 2013 Results

January 24, 2013 PAC filed two gross production tax refunds totaling $29,116.13 from 1999 and 2001 for an Oklahoma City, OK based oil and gas operator.  A severance tax refund was filed for a small family owned company out of Edmond, OK with 85 wells.


January 23, 2013 Petroleum Accounting Consultants filed a severance tax refund totaling $8,904.76 for a publicly traded Houston, TX based oil and gas firm which operates over three thousand Oklahoma oil and gas properties.  PAC also applied for nine gross production tax refunds totaling $109,461.33 for an Oklahoma City, OK based oil and gas operator.


January 21, 2013 PAC filed nine gross productoin tax refunds from the years 1998-2001 for a publicly traded Oklahoma City, OK based oil and gas operator, totaling $136,952.00.  PAC also applied for a severance tax refund from 2001 for a Houston, TX based oil and gas operator.


January 3, 2013 Petroleum Accounting Consultants filed 12 gross production tax refunds totaling $56,288.86 for a publicly traded Oklahoma City, OK 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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