March 2013 Results

March 22, 2013 Petroleum Accounting Consultants filed 16 gross production tax refunds from 1997- 2000, totaling $268,093.19 for an Oklahoma City, OK based oil and gas operator of over 1,700 wells.


March 15, 2013 PAC filed 14 severance tax refunds totaling $176,218.71 for a Fortune 500 Houston, TX based oil and gas operator of over 2,400 wells.  Petroleum Accounting Consultants also applied for two gross porduction tax refunds totaling $104,573.21 for an Oklahoma City, OK based oil and gas operator of over 1,700 wells.


March 14, 2013 Petroleum Accounting Consultants filed three gross production tax refunds totaling $26,489.33 for an Oklahoma City, OK oil and gas operator.  PAC also applied for a serverance tax refund from 1997 for another Oklahoma City, OK based oil and gas operator.


March 13, 2013 PAC filed two severance tax refunds from 1997 & 1998 totaling $20,465.75 for an Oklahoma City, OK oil and gas operator.  PAC also applied for three gross production tax refunds totaling $14,630.31 for an Oklahoma City, OK oil and gas operator.


March 11,2013  Petroleum Accounting Consultants applied for four gross production tax refunds totaling $63,790.23 from 1996 & 1997 for a publicly traded Houston based oil and gas firm which operates over three thousand Oklahoma oil and gas properties. PAC filed a severance tax refund for an Oklahoma City, OK operator with over 200 wells.


March 6, 2013  PAC filed a gross production tax refund totaling $218,131.58 for an oil and gas operator based out of Houston, TX operating over 2,500 wells.


March 4, 2013  Petroleum Accounting Consultants filed a severance tax refund for an Oklahoma City operator with over 200 wells.  PAC also filed a gross production tax refund totaling $26,281.48 for an Oklahoma City, OK 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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