October 2012 Results

October 19, 2012 PAC filed two gross production tax refunds for a Mustang, OK oil and gas operator of over 70 Oklahoma oil and gas wells.  PAC applied for 11 severance tax refunds totaling $16,206.30 for a privately held, Oklahoma City based, independent oil and gas exploration company.


October 18, 2012 Petroleum Accounting Consultants applied for six gross productions tax refunds from 1999 to 2010 totaling $39,003.97 for a privately-owned independent oil and gas exploration and production company headquartered in Houston, Texas.


October 15, 2012 PAC filed two tax refunds with the Oklahoma Corporation Commission for $20,015.97 for a small family owned company out of Edmond, OK with 85 wells.  PAC also applied for two severance tax refunds dated from 1999 and 2001 for an Ardmore, OK based oil and gas operator of over 120 wells.


October 12, 2012 Petroleum Accounting Consultants applied for three gross production tax refunds totaling $46,044.24 for a Canadian, TX based operator.


October 9, 2012 Petroleum Accounting Consultants filed 19 severance taxrefunds with the Oklahoma Corporation Commission totaling over $20,000 for a Hennessey, OK based operator.  PAC also filed a gross production tax refund for $4,743.47 for an Oklahoma City, OK based operator.


October 4, 2012 PAC applied for two severance tax refunds with Oklahoma Corporation Commission for an Ardmore, OK based operator.  Petroleum Accounting Consultants also filed five gross production tax refunds for a Kingfisher, OK based oil and gas operator of 25 wells.


October 1, 2012  Petroleum Accounting Consultants filed a gross production tax refund for $4,096.92 for a Norman, OK based 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

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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