Services for the Energy and Resources Industry

Audit, Accounting and Assurance Services

  • Provide guidance to clients through process of restructuring their current debt and related terms and covenants
  • Benchmarking comparisons of similar businesses to determine if an entity is operating in an efficient and effective manner and earning an appropriate return on its investment
  • Purchase price allocation and accounting
  • Post-closing settlement audits
  • Finance and accounting consulting and process improvement
  • Comparison of the full cost versus the successful efforts methods of accounting and the effect of each on the financial statement of the entity
  • Revenue distribution policies and procedures
  • Assistance with:
    • Cash flow analysis used in valuation matters associated with future production from wells.
    • Asset retirement obligations associated with wells.
    • Depreciation, depletion and amortization accounting
    • Interpretation of reserve reports

Tax Services

  • Review of the entity structure to ensure the best possible organizational structure for your business
  • Guidance on partnership agreements; drilling and lease contracts; and operating agreements to determine the best method of investment.
  • Ensure drilling cost elections are properly made and that all intangible drilling costs are properly handled.
  • Sale versus lease of mineral rights tax evaluation
  • Evaluation of the company’s tax preference items to minimize the federal alternative minimum tax impact
  • Analyze development and exploration costs to determine if all income tax elections are timely and properly made and ensure that all development and exploration costs are properly handled, based on the taxpayer’s individual tax situation.
  • Evaluation of the percentage depletion computations for income tax compliance and identification of planning opportunities to enhance current deductions.
  • Assistance in connection with the evaluation of purchase or sale of mineral interests, including tax planning related to the transaction structuring, purchase price allocation and related cash flow
  • Federal along with state and local (SALT) audit representation
  • Income tax planning and projections

Business Advisory Services

  • Entity evaluation for drilling programs
  • Business continuity planning
  • Preparation and analysis of claims
  • Investigation of fraud and unusual financial transactions
  • Evaluation of lost profits and economic damages
  • Key man retention and incentives - Non-qualified Deferred Compensation
  • Stock Appreciation Rights (SAR)
  • Phantom stock programs
  • Incentive compensation plans

Technology Services

Schneider Downs Wealth Management Advisors

Schneider Downs Corporate Finance, LP

Schneider Downs Meridian, LP

Schneider Downs Staffing

case studies

 
Let’s discuss preventing ransomware attacks on your company. Email me directly <a href='mailto:twarren@schneiderdowns.com?cc=contactSD@schneiderdowns.com'>here</a>.
big problem:
Let’s discuss preventing ransomware attacks on your company. Email me directly here.
big thinking:
Company impacted by ransomware.
 
Let’s discuss opportunities to reduce your company’s tax burden. Email me directly <a href='mailto:dmorally@schneiderdowns.com?cc=contactSD@schneiderdowns.com'>here</a>.
big problem:
Let’s discuss opportunities to reduce your company’s tax burden. Email me directly here.
big thinking:
Inefficient tax credit realization.
our thoughts on
IRS Announces 2020 Marginal Well Credit
2020 Credit Available for Natural Gas Producers
Are Energy Companies Eligible for the Employee Retention Credit?
Large Declines Expected for 2020 PA Impact Fee Collections
Oil & Gas New 1099 Reporting Requirement - Form 1099-NEC
contact us
Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

[email protected]
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

[email protected]
p:614.621.4060     f:614.621.4062

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102

[email protected]
p:571.380.9003

This site uses cookies to ensure that we give you the best user experience. Cookies assist in navigation, analyzing traffic and in our marketing efforts as described in our Privacy Policy.

×