Mid Continent Region
Tax regulations are like a maze with many twists and
turns and branches. We are experts in finding the
approved path to your tax savings. We get you there.
Experienced Team
Our experienced team will provide your company with an almost riskless program of reducing your tax expense. We will provide you with an analysis of missed oil and gas tax incentives. We will gather the required evidence, prepare the application, file the application and apply for your tax.
Time is of the Essence
Most tax incentives have statutory deadlines and limited effective periods. Delaying your investigation means less tax savings.
Reserve Value
Regardless of the price of oil and gas, tax incentives reduce your operating expenses, improve you lease operating statements and increase the value of your company's most important asset-oil and gas reserves. On average for every $1 dollar in tax savings reserve value increases by $5 at PV10.
Community Development and Tax Incentives
The community benefits from your oil and gas investments and operations and wants you to continue to produce oil and gas. Enhanced oil and gas recovery tax incentives are the community's way of asking you to stay in the community and produce oil, gas and wealth. Tax incentives are like a reverse investment: you receive a tax credit or refund from the community but without the associated environmental, operational, legal and economic risk of drilling for oil and gas.
Tax News
The Oklahoma Legislature extended all gross production tax incentives by amending 68 O.S. 2001, Section 1001. Oklahoma Governor Brad Henry signed S.B. 313 into law on May 26, 2009. The extension allows Oklahoma oil and gas operators three additional years of exemption from gross production taxes.
“It is not just about pumping oil and gas.”
Quote by Tax Director of major independent oil and gas company.