Oil & Gas Service Companies

Accounting and tax rules are complex not only for oil and gas operators but those complexities extend to the companies servicing the oil and gas industry. Whether your a Landman or run a oil and gas plugging company Petroleum Accounting Consultants can help you with your accounting and tax needs. With the recent increase in tax rates it has become more important than ever to work with a CPA firm that understands the industry in-which you operate.  We typically find that most business owners are paying more tax than they are legal obligated to pay.  By having an in-depth knowledge of the oil and gas accounting rules Petroleum Accounting Consultants can handle all your company’s accounting needs and with our integrated approach we can also reduce your income tax liability in the process.

  • Landmen
  • Site Preparation Companies
  • Contract Driller
  • Equipment Dealers
  • Roustabout
  • Well Workover Companies
  • Hotshot Companies
A Pit Liner Company was struggling to get their accounting records in order.  The business Principals were excellent at bringing in new business but the growth of the company was stalled because of the lack of proper accounting systems was preventing invoicing to be done timely.  Petroleum Accounting Consultants was able to provide a complete back office solution to handle of the company’s accounting needs.  Petroleum Accounting Consultants setup the client’s accounting system in the cloud which enabled Petroleum Accounting Consultants and the client were able to access the same accounting system from any where in the world including on their tablet or mobile phone.  Next, Petroleum Accounting Consultants designed an accounting workflow to capture and properly record all of the client’s accounting transactions.  Next, Petroleum Accounting Consultants installed a financial reporting platform that provided the client’s Principals with timely financial reports.  Finally, since the client now had current and accurate financial statements Petroleum Accounting Consultants was able to provide tax planning services to the clients to help reduce their income taxes. 

John Doe