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

 
big problem:
Ransomware attack halted a global manufacturer's operations.
big thinking:
Recover and secure the system – fast – save $1 million in ransom.
 
big problem:
High tax burden for family-owned franchisor.
big thinking:
Comprehensive planning for a 15% tax reduction.

our thoughts on

All-Electric Fracking Systems Bring Significant Opportunity for Natural Gas Producers
PA DEP Issues 2018 Oil and Gas Annual Report
Is Your Royalty Check Correct?
PUC Distributes Almost $252M in Impact Fees
Continued Compliance with CAISO SQMD Requirements in Non-Reporting Years

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contact us

Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

contactsd@schneiderdowns.com
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

contactsd@schneiderdowns.com
p:614.621.4060     f:614.621.4062

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102