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

"We engaged Petroleum Accounting Consultants, PLLC to review the wells we operate for gross production tax refunds. Petroleum Accounting Consultants, PLLC performed all the work necessary to determine eligibility. All we had to do was sign the forms submitted to the Corporation Commission and Tax Commission. As a result of Petroleum Accounting Consultants, PLLC's work we received substantial refunds of gross production taxes. Petroleum Accounting Consultants, PLLC is continuing to review our workovers and file refund claims for us. We are extremely pleased with their work and professional attitude."

- Phoenix Oil & Gas, Inc. - Jack Nogalski

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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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