Member of the Pennsylvania & American Institutes of Certified Public Accountants
Marcellus Shale & Related Industries
Tax & Accounting Services in the Oil & Gas Industry by Award Winning Pittsburgh CPA
Are you part of the growing Marcellus Shale activity, which has resulted in a renewed focus on the Oil and Gas Industry in Western PA and surrounding areas?
Dennis Piper & Associates is focused on providing the local service and attention you deserve, delivered by a talented team of professionals. Some of the services that we provide to clients in the oil and gas industry are as
follows:
Tax Advisory and Compliance Services
- Choice of entity guidance;
- Guidance on partnership agreements, drilling contracts and operating agreements and other forms of investment;
- Tax planning for depletion, intangible drilling costs, the related elections and other industry specific tax matters;
- Tax planning and compliance for landowners with oil and gas leases;
- Evaluation of the company's tax preference items and other AMT issues;
Assurance and Accounting Services:
- Assistance with accounting data:
- cash flow analysis associated with future production from wells;
- asset retirement obligations associated with wells;
- depreciation, depletion and amortization accounting;
- interpretation of reserve reports;
- Revenue distribution policies and procedures;
- Comparison of the full cost versus the successful efforts methods of accounting and the effect of each on the financial statement;
- Benchmarking comparisons with industry standards.