Oil & Gas

Whether you explore, drill, trade or market petroleum or natural gas, your profitability is closely tied to the industry. Operational nuances and unique tax situations impact each oil and gas company and investor. So, clients rely on us to manage bookkeeping and back-office processes, recommend tax strategies and provide insights to drive success.

Baker Tilly’s team consists of professionals with sophisticated tax expertise, dedicated accounting and analytics and digital solutions experience within the oil and gas industry. With more than 35 years of experience, we help clients innovate to survive the never-ending changing economic conditions.

• Our accountants’ sophisticated tax expertise helps our clients take advantage of federal tax benefits – such as intangible drilling costs (IDC) tax deduction, percentage depletion deduction and the small producers tax exemption – while staying on top of variations in state taxation. We also produce quality financial statements that banks and other capital sources trust.
• We help oil and gas clients, through our oil and gas accounting services team, to realize cost savings through outsourcing, upgrading technology systems, minimizing tax liability, protecting assets and tightening internal controls.
• Advanced analytics and digital solutions professionals guide oil and gas companies along their digital transformation journey and optimal utilization of their data.

But, our advantage is based on more than technical excellence. Our seasoned industry leaders work closely with clients to provide strategic answers that drive success.

Baker Tilly has five offices throughout Texas, including Houston, Dallas and Austin with more than 500 staff members, and we continue to grow. Our oil and gas practice is based in Texas to ensure we provide specialized, local service. Our team has decades of experience assisting publicly traded and privately held companies. We focus on serving upstream and midstream companies and helping families/family offices navigate their oil and gas wealth objectives.