May 2011 Results

May 31, 2011 Petroleum Accounting Consultants files two more severance tax refund requests for Chickasha, OK energy firm.


May 27, 2011 Petroleum Accounting Consultants files four severance tax refund requests for Chickasha, OK energy firm.  Additionally, PAC files two more severance tax applications for Oklahoma City oil and gas company.


May 26, 2011 Petroleum Accounting Consultants accepts the opportunity to process tax rebates and provide accounting services for local Oil & Gas Operator.


May 25, 2011 Oklahoma City based Oil & Gas Exploration and Development Company established in 1977 and incorporated in Oklahoma requests that Petroleum Accounting Consultants locate any available Production Tax Refunds.


May 23, 2011 Petroleum Accounting Consultants receives credit memos totaling $14,731.58 from the Oklahoma Tax Commission for gross production tax refunds filed by PAC.  Additionally, PAC files nine gross production tax refund applications with the Oklahoma Corporation for Oklahoma City based oil and gas producer.


May 20, 2011 Petroleum Accounting Consultants receives $4,849.09 in gross production tax refunds checks from the Oklahoma Tax Commission.  PAC also receives an approval from the OCC on a gross production tax refund application for an enhancement well for Oklahoma City base energy firm.


May 19, 2011 Petroleum Accounting Consultants receives gross production refund checks totaling $32,968.86.  Also, PAC receives two gross production tax refund approvals for Ardmore, OK based oil and gas operator.


May 17, 2011 Petroleum Accounting Consultants receives seven more gross production tax refund approvals from the Oklahoma Corporation Commission for Ardmore, OK oil and gas operator.


May 16, 2011 Petroleum Accounting Consultants files four severance tax refund applications for Houston based oil and gas operator. Also, PAC receives three gross production tax refund approvals for Ardmore, OK oil and gas operator along with two approvals for Oklahoma City base oil and gas operator.  PAC also receives credit memos from the Oklahoma Tax Commission for gross production refunds totaling $22,300.20.


May 13, 2011 Petroleum Accounting Consultants receives five gross production tax approvals for Houston, TX oil and gas operators as well as one approval for Midland, TX operator and five more approvals for Ardmore, OK oil and gas operator.


May 12, 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 53 gross production tax refund applications for this operator of 185 Oklahoma wells. PAC receives approvals from the Oklahoma Corporation Commission on eleven gross production tax refund applications made by PAC on behalf of Houston, TX oil and gas operator


May 11, 2011 Petroleum Accounting Consultants files 11 more gross production tax rebate applications for publicly traded Oklahoma City oil and gas company.  PAC receives approvals from the Oklahoma Corporation Commission on ten gross production tax refund applications made by PAC on behalf of Houston, TX oil and gas operator.


May 10, 2011 Chicago based Petroleum Corporation absorbed with production & planning in 4 regional offices engages Petroleum Accounting Consultants with the task of processing Production Tax Refunds.  Oklahoma Corporation Commission approves three gross production tax rebate applications filed by PAC for Houston, TX base oil and gas company.


May 9, 2011 Petroleum Accounting Consultants files eight more gross production tax rebate applications for publicly traded Oklahoma City oil and gas company.  Oklahoma Corporation Commission approves gross production tax rebate application filed by PAC on behalf of Ardmore, OK oil and gas operator.


May 6, 2011 Tulsa based, publicly traded & diversified Energy Company engaged in the exploration for and production of oil and natural gas which currently operates over 750 wells agrees to have Petroleum Accounting Consultants audit & review refund opportunities for the Mid-Continent region, including the Anadarko, Arkoma, Permian, Rocky Mountains and Gulf Coast Basins.  Additionally, PAC has two more gross production tax rebate applications approved for Ardmore, OK oil and gas operator.


May 5, 2011 Petroleum Accounting Consultants is hired by family owned Oklahoma based Oil Company established in 1965 and incorporated in Oklahoma to process all refunds available 1994 forward.  PAC files six gross production tax refund applications for Oklahoma City based publicly traded oil and gas company.  Additionally, PAC has seven gross production tax rebate applications approved by the Oklahoma Corporation Commission for Ardmore, OK based oil and gas operator.


May 4, 2011 Petroleum Accounting Consultants completes three more gross production tax rebate applications for Houston based oil and gas operator.  This brings the total applications to date to 30 in under a month of starting field work.


May 3, 2011 San Antonio, TX oil and gas operator engages Petroleum Accounting Consultants to obtain severance tax refunds in Oklahoma and Texas.


May 2, 2011 Petroleum Accounting Consultants sends two more gross production tax rebate applications to the Oklahoma Corporation.  Ardmore, OK oil and gas company engages PAC to recover gross production tax refunds on their behalf on the over 100 Oklahoma wells they operate.


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Testimonials

"I have been extremely pleased with results Petroleum Accounting Consultants, PLLC has obtained for my company. The professional and knowledgeable staff obtained a substantial refund of tax dollars that we would not have had the time or the expertise to recover ourselves.

In order for them to perform their review it took less than one hour of my time. All that was required of me was to show their staff where the well files were and they took it from there. They completed all the necessary filings with the state agency's to obtain the refund and all I had to do was sign the refund checks.

It has been a great pleasure to deal with Petroleum Accounting Consultants, PLLC and we will continue to use their services. I would strongly recommend that all oil and gas operators contact Petroleum Accounting Consultants, PLLC to perform a review of their severance taxes."


Centaur Resources, Inc. - Ernest G. Brewer Jr.

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Gross Production Tax Refunds

Over the years we have worked with over 70 companies and recovered over $30 million in refunds for those companies. We have obtained refunds for large publicly traded companies and small privately held companies. We have been able to get a a refund of gross production taxes for every client that has retained our services.

Because of our years of experience we are able to obtain these refunds with very little of our clients' time. Based on our experience we are able to identify opportunities that in-house accountants would miss. Outsourcing your gross production tax refunds will result in a larger refund because of our years of experience. Our fees are based on a contingency fee structure so there is no fee is we are not able to recover a refund for your company. Give our office a call today to schedule your free assessment of the refunds that may be available to your company.

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