Energy/Oil & Gas

Natural resource companies are operating in a highly competitive and volatile environment. Energy industry trends including consolidations, the utilization of e-commerce, and the focus on environmental, health and safety issues are forcing oil and gas companies to take a proactive stance. The professional accounting services that we provide are based on our unique focus on the energy sector, years of education, advanced training and prior experiences. Weaver and Tidwell's Oil and Gas niche provides professional accounting services to numerous private and public natural resource entities including, global energy companies, independent petroleum refiners, exploration and production companies, biodiesel companies and renewable energy providers located throughout the US.

Some the accounting services provided include:

  • Agreed-Upon Procedures
  • Assurance
  • Business valuations
  • Cash flow management
  • Cost control strategies
  • Cross-border transactional planning and management
  • Energy attestation
  • FIN 48 and FAS 109
  • Financial projections and operating budgets
  • Full cost/successful efforts conversion
  • Income tax compliance
  • Information technology
  • Internal audit
  • International tax services
  • IT assurance
  • Litigation Support
  • Merger and acquisition services
  • Multi-state tax planning
  • Property tax services
  • Research and development credits
  • Risk assessment
  • Sales and use tax reviews
  • Sarbanes-Oxley compliance
  • SEC and other regulatory services
  • Structuring buy/sell agreements
  • Tax accounting method reviews
  • Tax depreciation reviews
  • Texas margin tax planning

Servicing major Energy industry segments including:

  • Exploration and production
  • Fuel segments
  • Lubricants
  • Marine
  • Pipeline
  • Refining (including regulatory compliance)
  • Service and supply members

More specific services provided include:

  • Refiners
    Agreed-Upon Procedures in accordance with 40 CFR Part 80 Subpart F - Attest engagements, Subpart H - Gasoline Sulfur, and Subpart J - Gasoline Toxics for refineries, importers, and downstream oxygenate blenders, as applicable
  • Renewable Power Providers
    Agreed-Upon Procedures (Green-e Verification) for the Green-e Renewable Electricity
  • Laboratory Audits
    Agreed-Upon Procedures for Marine Preservation Association
Resources:  


Energy Services brochure


Energy Attestation Services brochure

Events:
The Energy Houston Forum Breakfast, May 15, 2008
NAPAC, May 15-16, 2008
Energy Capital Forum, June 9-11, 2008

Energy (Oil and Gas) Accounting Client Testimonials:
Riverstone Energy

Related Articles:
Assessing Company Risk - Oil and Gas Investor
Energy Insights - Motor Vehicle Fuel Industry Facing New Renewable Fuel Standard 

For more information about our services to the energy/oil & gas industry, contact:
John Mackel, Partner, Director of Energy Services - Houston at 713.297.6906
David Rook, Partner - Houston at 713.297.6903
Bob Loritz, Partner - Dallas/Fort Worth at 817.882.7754