Oil & Gas

Opportunity Unbound

Oil and gas is at the center of an expanding global marketplace. New technology and an evolving regulatory environment is rapidly changing the industry. We speak the language, and we know the specialized accounting rules.

Tackling complex issues drives us, whether it’s navigating price fluctuations, cost containment, supply chain management, technological improvements, enhanced production demands, deregulation, or the need for capital. We know the importance of being able to adapt while safely delivering services, and our team of experienced professionals have worked in the supply chain—so they understand the challenges you face.

Who We Serve

  • Upstream exploration and production
  • Oilfield services
  • Midstream
  • Downstream

Specialized Services

In addition to audit and tax services, we provide the following services to the oil and gas industry:

  • Valuations
  • Due Diligence
  • Private Placements and Joint Venture formations
  • Litigation Support
  • Accounting for Derivatives and Hedging
  • Severance Tax
  • Ad Valorem Taxes
  • Sales and Use Taxes
  • Accounting for Income Taxes (ASC 740)
  • SOX 404 Compliance
  • Section 382 Studies
  • Domestic Production Activities (Section 199)
  • Joint Interest Audits

Valuing Perspective


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Download Our Free Report on Petroleum-Producing States

This in-depth analysis explores the fiscal contributions of oil and natural gas production activities in states including Texas, Colorado, New Mexico, and more.


Insights


Article
Learn how the rise of digitization in the Oil and Gas industry created unique hacker threats and how you can lower risks of a cyberattack.

Webcast
Join us for an on-demand webcast as we explore top-trending cyberthreats affecting the oil and gas industry and effective strategies for protecting your company’s critical business data.

Webcast
Your oil and gas company may qualify for R&D tax credits that could significantly reduce income- and payroll-tax liabilities. Are you missing out? In our webcast, discover qualifications and advantages of federal and state R&D tax credits from industry-smart finance professionals.

Article
The innovation in the oil and gas industry is a natural fit for R&D tax credits, but improperly claiming these credits can result in IRS penalties.

Article
Q4 2018 capped off a year of records in the US oil and gas exploration and production industry. We track some of the recent promising numbers, trends, and key performance indicators.

Article
Current oil and gas pricing could potentially impact your company’s liquidity, going-concern status, and 2018 year-end financial reporting.

National Practice Leader

Industry Professionals