Oil and Gas

Two decades of experience – we know the drill

Achievement in the oil and gas industry demands a team of professionals who understand the complexities and challenges of the industry.

Our partners, directors and managers are experts in the audit and tax issues of the oil and gas industry and have over 20 years of combined experience. We are also heavily involved in the Council of Petroleum Accountants Societies (COPAS) of Dallas and regularly attend industry events, such as the NAPE Expo, North American Petroleum Accounting Conference (NAPAC), and Texas Energy Council Energy Symposium.


We work diligently with top decision-makers in each organization to tailor tax and audit strategies to accomplish your unique business objectives.

Our expertise encompasses the full range of tax and assurance services to upstream, midstream and downstream organizations. PriceKubecka’s oil and gas practice offers services to exploration, drilling, production, development, pipeline and service companies.

Our oil & gas tax services include:

  • Strategies to maximize deductions related to drilling costs
  • Specific multi-state income tax expertise as it pertains to withholding and statutory depletion requirements
  • Transaction structuring to maximize IDC and other tax benefits
  • Guidance on entity planning with concentration in complex joint venture, LLC and partnership structures
  • Exit planning to minimize tax liability

Our oil & gas audit and assurance services include:

  • In-depth experience with full-cost accounting
  • Due diligence services
  • Audit of revenue and expenses, with lease and royalty agreements

We have assisted our clients in the following areas:

  • Asset retirement obligations
  • Depletion, depreciation and amortization
  • Impairment of oil and gas properties
  • FIN 48 and FAS 109 compliance