Marcellus and Utica Shales
The Marcellus Shale and Utica Shale gas formations in Pennsylvania, Ohio and surrounding states establishes a significant amount of recoverable gas in this region. These shales have dramatically impacted many industries well beyond just the oil and gas industry. With a substantial client base already in the oil and gas industry, as well as serving supporting organizations to the sector, we are fully aware of the impact of this development at many areas.
In addition to traditional accounting and tax compliance services, a sample of services Schneider Downs has provided to our clients include:
- Purchase price allocation and accounting
- Sale versus lease of mineral rights tax evaluation
- Drilling program prospectus assistance
- Entity evaluation for drilling programs
- Wealth management and investment advisory functions
- Post closing settlement audits
- Accounting software implementation
- Finance and accounting consulting and process improvement
- Technology assistance with royalty and partner statements and payments
- State registration for business activity in various states
- Federal along with state and local (SALT) audit representation
- Income tax planning and projections
Our teams of seasoned professionals work together collectively to assist our clients meet their financial goals. We pride ourselves on providing the highest technical advice with a practical approach.