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.


Contact Us Now!


    Please check the services requested.

Testimonials

"Petroleum Accounting Consultants, PLLC's diligence and understanding of tax law have resulted in a substantial amount of returned tax dollars to our company. Their work ethic and ability to achieve results have been impressive. Arrow Oil & Gas, Inc. appreciates Petroleum Accounting Consultants, PLLC efforts and we look forward to a long lasting relationship."

- Courtney Brackin - Arrow Oil & Gas, Inc.

Click Here for More Testimonials

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.

Click Here for More Services