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 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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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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