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

Insights


Article
Tax reform affects oil and gas companies on an individual and business level because they hold investments in a variety of entity types. We outline the details.

Video
Lori Mettille shares key changes from the new tax law and how it specifically affects businesses, individual/investor provisions, and next steps as we continue to address the accounting impacts for financial reporting.

Article
Oil prices continue to increase as energy sector valuations lag. We look at 2017 and what’s next for the oil and gas market.

Webcast
A video webinar roundtable discussion covering the anticipated mergers and acquisitions activity by sector, due diligence trends, asset consolidation and managing legacy capital structures. The panel also looks forward for strategic opportunities and their outlook for the future.

Article
Discover how oil and gas companies can use joint interest and revenue audits to identify potential cost recovery opportunities for joint ventures.

Article
Rising crude oil prices is dependent on three main factors: A rise in global demand, US and OPEC restraints on production, and a weakening US dollar.

National Practice Leader

Industry Professionals