After graduating from Oklahoma State University with an accounting and marketing degree, Sean accepted a position with KPMG. After gaining oil and gas exposure at KPMG, Mr. Hugo developed an immediate interest in the oil and gas industry and wanted to gain more experience so he accepted a position with Devon Energy. Mr. Hugo was exposed to many areas of oil and gas accounting, tax and operations while at Devon. He was also able to identify and recover over $5 million dollars in severance tax and sales tax refunds.
In 2001 Mr. Hugo decided to expand the knowledge he had developed while at Devon and start his own CPA practice specializing in the oil and gas industry. PAC continues to bring oil and gas operators and investors specialized industry knowledge, which the traditional CPA firm can’t deliver. Mr. Hugo concentrates his practice in the areas of severance tax, sales tax and income tax refunds. Mr. Hugo also spends a considerable amount of time overseeing monthly oil and gas revenue distribution and joint interest billings.
Mr. Hugo has spoken at World Energy’s seminar “The Next El Dorado” in San Diego. The seminar included oil and experts such as Professor Michael J. Economides and Dr. Amiel David amongst others. Mr. Hugo spoke on the tax advantages of investing in oil and gas. Mr. Hugo is a member of the American Institute of Certified Public Accountants, Oklahoma Society of Certified Public Accountants and the Oklahoma Independent Petroleum Association.
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