Oil & Gas
During an evolving energy landscape, traditional oil and gas enterprises continue to be pivotal to both the U.S. and global economies. Our dedicated financial experts are deeply entrenched in the industry, offering a comprehensive suite of oil and gas accounting services.
Oil & Gas
Tom Black
Principal
Lindsay Coffey
Principal
Jake Goff
Principal
Gideon Gradman
Managing Director
Robert House
Principal
Royce Prude
Principal
Thomas E. Unke
Principal
In the oil and gas industry, the landscape is ever-changing, requiring you to change with it.
Whether you explore, drill, trade, 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.
In a complex and changing regulatory environment, our team provides a variety of oil and gas accounting solutions to upstream, midstream and downstream companies to help drive efficiency and create value. Clients rely on us to manage bookkeeping and back-office processes, deliver complex audit services, recommend tax strategies and provide insights to drive success.
Client stories
Oil and gas company moves financials to the cloud
Learn how Arc Terminals Holdings moved their financials to the cloud with help of Baker Tilly and Sage Intacct.
Midstream oil and gas company moves to Baker Tilly's platform
Baker Tilly implements Sage Intacct for Gravity Midstream.
Oilfield services provider cuts computing costs with FieldFX
Learn how Silvertip Completions cut computing costs almost in half and eliminated manual processes with FieldFX integration by Baker Tilly.
Growing oilfield services company enabled to manage multiple entities
Aly Energy now has enhanced options regarding inter-company transactions and multi-entity consolidations.
Gaining cost efficiencies while increasing drilling operations
Independent oil and gas operator reduces costs and safety incidents while increasing visibility through the use of advanced analytics.
Energy focused geographic presence
Baker Tilly’s oil and gas team is rooted in Texas, with offices in Houston, Dallas and Austin—strategically located at the center of U.S. energy activity. Our presence extends across key energy hubs nationwide, including West Virginia, Pennsylvania, Oklahoma, California and North Dakota, allowing us to serve clients wherever opportunity strikes in this dynamic industry.
Oil and gas assurance services
Our specialized audit professionals train and operate on a risk-based model relying on a close understanding of your business, oil and gas accounting, and internal controls. Our firm invests in technology to keep your audit at the forefront through data analytics, robotic process automation (RPA) and constantly evolving software.
ASC 606 (Revenue Recognition) Insurance Organization Services
How will you know if ASC 606 impacts your insurance organization?
Financial Statement Audit
Baker Tilly marries technology with the extensive experience to provide clients with an innovative financial statement audit service.
Lease Accounting (ASC 842 and GASB 87)
Are you ready to implement ASC 842 or GASB 87, one of the new lease accounting standards? With new practical expedients, organizations should re-evaluate their implementation plan. No plan in place? Our lease accounting specialists can help.
Employee Benefit Plan Audit
We help meet your employee benefit plan’s annual audit and filing requirements, and work to protect the plan’s integrity.
International Audit
Optimize strategic decision-making based on accurate global financial information.
System & Organization Controls (SOC) Reporting
Baker Tilly’s dedicated AICPA SOC specialists perform hundreds of SOC engagements each year and help clients with their SOC reporting needs across a wide variety of industries.
Oil and gas tax services
For upstream and midstream companies, profitability is closely tied to the oil and gas industry’s unique tax situation. Your organization may be missing out on tax benefits – or even vital investment capital – if you are not familiar with the intricacies of the industry’s tax incentives. The sophisticated tax expertise of our accountants allows our clients to take advantage of federal tax benefits while staying on top of variations in state taxation.
Federal Tax
Baker Tilly offers specialized federal tax management services including compliance and planning expertise to help businesses optimize value while minimizing their tax burden.
State & Local Tax
Our state and local tax services professionals offer specialized expertise to help businesses and individuals understand increasingly complex state and local tax rules.
Inflation Reduction Act Tax Credit Solutions
The Inflation Reduction Act (IRA) includes the largest clean energy incentive effort in U.S. history. Find out how your organization can leverage IRA energy tax credits to save as much as 50% or more on qualifying project costs.
Individual Income Tax Planning & Compliance
Taxes are inevitable, but have you proactively planned for tax compliance? Baker Tilly’s private wealth tax professionals can optimize your tax strategy now, for tomorrow.
Unclaimed Property
We provide advocacy and operational solutions to managing and minimizing all areas of risk associated with unclaimed property compliance.
