Oil & Gas

Accountants with a focus
on the oil, gas and coal industry

Are you part of the growing natural resources activity, which has resulted in a renewed focus on the Oil & Gas and Coal industries in Western PA and surrounding areas? We are focused on providing the local service and attention you deserve, delivered by a talented team of professionals. We focus on clients involved in the ownership, exploration, development, extraction and management of natural resources.

Oil, Gas and Coal Services & Specialties

Advisory and Compliance:

  • Choice of entity guidance
  • Guidance on partnership agreements, drilling contracts and operating agreements and other forms of investment
  • Tax planning for depletion, intangible development costs, the related elections and other industry specific tax matters
  • Tax planning and compliance for landowners with oil and gas leases
  • Evaluation of the company’s tax preference items and other AMT issues

Accounting and Assurance:

  • Cash flow analysis associated with future production from reserves
  • Asset retirement obligations associated with reserves and development costs
  • Depreciation, depletion and amortization accounting
  • Interpretation of reserve reports
  • Royalty calculations and lease interpretation
  • Federal excise, OSM and state production tax reporting
  • Revenue distribution policies and procedures
  • Comparison of the full cost versus the successful efforts methods of accounting and the effect of each on the financial statement
  • Benchmarking comparisons with industry standards

Use Our Experts to Feel Confident in Your Business

From Our Experts

Get to know us more by looking through our industry insights and case studies.

About Brennan, Piper & Associates

We use our depth of experience, understanding of business operations, and talented staff to provide accounting, tax, and business advisory services that support our clients’ goals and lead to strategic decision-making.

The BPA Difference:

Client-Centered: Focus is on the client's goals for the engagement, while also considering the compliance and industry requirements.

Use of Technology: We are able to work with the technology you have, but can also recommend solutions to maximize business.

Flexibility: We have the ability to work how you want, when you want.