October 2011 Results

October 31, 2011 Petroleum Accounting Consultants begins field work for severance tax review at Oklahoma City based oil and gas operator of 30 wells.

October 27, 2011 While attending our class on filing of Production Tax Refunds this summer Oklahoma City based Operator agrees it would be best to “put it in the hands of an expert” and engages PAC to file all past & present refunds.


October 26, 2011 PAC files two gross production tax refund applications for Oklahoma oil and gas company. Petroleum Accounting Consultants accepts the opportunity to process tax rebates and provide accounting services for Oklahoma City Oil &
Gas Operator. This client was brought to us on a referral from a Norman, OK based Operator.

October 24, 2011 Petroleum Accounting Consultants files three tax rebate applications for Norman OK based energy firm. Petroleum Accounting Consultants files severance tax rebate claims with Oklahoma Tax Commission for Oklahoma and
Kansas oil and gas producers in the amount of $6,482.23.

October 20, 2011 PAC files gross production tax refund claims with Oklahoma Tax Commission for Kansas and Oklahoma oil and gas company in the sum of $9,221.10.

October 19, 2011 PAC files gross production tax refund claims with Oklahoma Tax Commission for Oklahoma City based energy firm in the amount of $44,578.82.

October 17, 2011 PAC files four gross production tax refund applications for Oklahoma City oil and gas company.

October 16, 2011 Petroleum Accounting Consultants files severance tax refund claims with Oklahoma Tax Commission in the amount of $7,342.42 for Wichita, KS oil and gas producer.

October 14, 2011 Petroleum Accounting Consultants files six tax refund applications for Tulsa OK based energy firm. Petroleum Accounting Consultants receives three approved severance tax rebate applications from the Oklahoma Corporate Commissions for a Tulsa, OK oil and gas company.

October 13, 2011 Petroleum Accounting Consultants files eight severance tax rebate applications for Oklahoma oil and gas producer.

October 12, 2011 Petroleum Accounting Consultants receives one approved gross production tax refund application from the Oklahoma Corporation Commission for a Tulsa, OK oil and gas company.

October 11, 2011 Petroleum Accounting Consultants receives three approved gross production tax refund applications from the OCC for an Oklahoma City oil and gas company. PAC files gross production tax refund claims with Oklahoma Tax Commission for Oklahoma based energy firm in the amount of $1,023.92.

October 10, 2011 Petroleum Accounting Consultants files gross production tax refund claims with Oklahoma Tax Commission for Kansas and Oklahoma oil and gas companies in the sum of $3,861.19.4

October 7, 2011 Petroleum Accounting Consultants begins field work for an Oklahoma City oil and gas company.

October 5, 2011 Severance tax refunds filed by Petroleum Accounting Consultants for the third quarter of 2011 total $1,415,478.13.

October 4, 2011 Petroleum Accounting Consultants receives five approved gross production tax refund application from the OCC for an Oklahoma oil and gas company. PAC files gross production tax refund claims with Oklahoma Tax Commission for Wichita, KS based energy firm in the amount of $8,895.37.


October 3, 2011 Petroleum Accounting Consultants receives one approved gross production tax refund application from the OCC for an Oklahoma City based energy firm. Tulsa based Petroleum Engineering firm established in 1980 agree to work with Petroleum Accounting Consultants reviewing wells qualifying for Tax Refunds.

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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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