June 2011 Results

June 30, 2011 Petroleum Accounting Consultants files for a gross production tax refund application with the Oklahoma Corporation Commission for Ardmore, OK based oil and gas operator.


June 28, 2011 Petroleum Accounting Consultants receives seven more approvals from the OCC on a tax rebate applications filed on behalf of an Oklahoma City based energy firm.  PAC receives one more approval from the OCC on a tax rebate applications filed on behalf of an Oklahoma City based energy firm.


June 27, 2011 Petroleum Accounting Consultants files for another gross production tax refund for publicly traded Oklahoma City based oil and gas operator.  PAC receives seven more approvals from the OCC on a tax rebate applications filed on behalf of an Oklahoma City based energy firm.


June 24, 2011 Petroleum Accounting Consultants files for another gross production tax refund for Chickasha, OK oil and gas operator.


June 23, 2011 Petroleum Accounting Consultants receives executed agreement to process Production Tax Refunds for local Oklahoma City based Oil & Gas Operator with 50 newly acquired wells.  PAC also files two more gross production tax refund application for Oklahoma City based oil and gas operator.  This brings the total number of filings to 39 on 79 operated properties which is over 50% of their wells.  PAC receives three more approvals from the OCC on a tax rebate applications filed on behalf of an Oklahoma City based energy firm.


June 22, 2011 Petroleum Accounting Consultants files five gross production tax refund applications for two different Chickasha, OK oil and gas companies.  PAC receives two more approvals from the OCC on a tax rebate applications filed on behalf of an Oklahoma City based energy firm.


June 21, 2011 Petroleum Accounting Consultants files two more gross gross production tax refunds for Oklahoma City based oil and gas operator bringing the total filed to 37 on 79 total Oklahoma operated wells.


June 20, 2011 Wichita, Kansas based Top 50 ranked Oil & Gas producer engages with Petroleum Accounting Consultants to review & process all available tax refunds associated with the wells operated in Oklahoma.  PAC, files seven more gross production tax refunds for Oklahoma City based oil and gas operator bringing the total filed to 37 on 79 total Oklahoma operated wells.


June 17, 2011 Petroleum Accounting Consultants files five more gross gross production tax refunds for Oklahoma City based oil and gas operator bringing the total filed to 35 on 79 total Oklahoma operated wells.  PAC receives one more approval from the OCC on a tax rebate applications filed on behalf of an Oklahoma City based energy firm.


June 16, 2011 Petroleum Accounting Consultants meets with and reaches and agreement with fast growing rural Oklahoma Oil & Gas Operator looking forward to a long & lasting relationship processing Production Tax Refunds.  Additionally, PAC files six more gross production tax refunds for Oklahoma City based oil and gas operator bringing the total filed to 30 on 79 total Oklahoma operated wells.


June 15, 2011 Petroleum Accounting Consultants files another three gross production tax rebate applications with Oklahoma Corporation Commission for Oklahoma City based operator which brings the total filings for this operator to 24 refunds filed since field work started on June 8th.


June 14, 2011 Petroleum Accounting Consultants identifies and files severance tax rebate applications on five additional wells for Oklahoma City based oil and gas operator.  This brings the total filed to 21 refunds in less than a week which results in refunds on 26% of their wells.  PAC receives two more approvals from the OCC on a tax rebate applications filed on behalf of an Oklahoma City based energy firm.


June 13, 2011 Family owned & operated since 1972, Oklahoma City based Oil & Gas Exploration & Development Company extends an invitation for Petroleum Accounting Consultants to review all wells for Production Tax Refunds.  Additionally, PAC files another six gross production tax refund applications for Oklahoma City based oil and gas operator.  In less than a week PAC has been able to identify 16 wells that will qualify for a refund and file the required paperwork to start the refund process.   PAC receives three approvals from the Oklahoma Corporation Commission for enhancement filings made by PAC on behalf of


June 10, 2011 Petroleum Accounting Consultants files another four gross production tax applications for Oklahoma City based operator less than 48 hours after starting field work.   Oklahoma Corporation Commission approves two gross production tax refund applications filed by PAC on behalf of Oklahoma City base energy firm.


June 9, 2011 Petroleum Accounting Consultants files six gross production tax refund claims with the Oklahoma Corporation Commission less than 24 hours after starting field work at Oklahoma City based operator.  PAC receives approvals from the OCC on seven more gross production tax refund applications for Oklahoma City based oil and gas operator.


June 8, 2011 Petroleum Accounting Consultants files three gross production tax refund applications with the Oklahoma Corporation Commission for Oklahoma City based oil and gas operator.  PAC also starts field work at Oklahoma City based operator of 79 Oklahoma Wells.


June 7, 2011 Petroleum Accounting Consultants files a gross production tax refund application for Chickasha, OK energy firm.  PAC receives eight approvals from the OCC for gross production tax refund applications filed on behalf of Oklahoma City based oil and gas operator.


June 6, 2011 Petroleum Accounting Consultants files two gross production tax refund applications for Ardmore oil and gas company and four for Oklahoma City based oil and gas company as well as five for Houston based energy firm.  Oklahoma Corporation Commission approves nine gross production tax refund applications filed by PAC on behalf of two different Oklahoma City based oil and gas operators.  Additionally the OCC approves two more applications for Ardmore, OK oil and gas company.


June 3, 2011 Petroleum Accounting Consultants files three additional gross production tax refund applications for publicly traded Oklahoma City oil and gas company.  This brings the total number of applications PAC has filed to-date to 61 gross production tax refund applications for this operator of 185 Oklahoma wells. PAC receives approvals from the OCC on three gross production tax refund applications filed by PAC on behalf of Chickasha, OK oil and gas operator.


June 2, 2011 Tulsa based Petroleum Engineering firm established in 1984 agree to work with Petroleum Accounting Consultants reviewing wells qualifying for Tax Refunds.  Oklahoma Corporation Commission issues seven approvals for gross production tax refunds filed by PAC on behalf of Oklahoma City based energy firm.


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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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Severance Taxes

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