Downstream

Front of Three Gas Pump Nozzles at Gas Station Ready to work

Oil refineries, petrochemical plants, and the marketing and distribution of fuel and other petrochemical products — downstream is a broad and complex segment of the energy industry. In all of these operations, companies must manage complex data from multiple sources, using too-few staff and systems that are often not integrated.

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Webinar

Energy Tax Credits Changes: OBBBA One Year Later | Webinar

This on-demand session will explore how taxpayers are leveraging credits, where challenges are arising and what to expect as guidance and enforcement develop.

Article

Form 8849 or Form 720? Choosing the Right Refund Path for Export Superfund Excise Taxes

Export Superfund excise tax refunds depend on timing, documentation and form selection. Learn when to use Form 720 vs. 8849 to avoid filing challenges.

Podcast

Oil & Gas Back-Office Modernization: Accounting Advisory Trends from NAPE 2026 | Podcast

Learn how oil & gas companies use accounting advisory, automation and outsourcing to streamline back-office operations and improve efficiency. Tune in.

Podcast

The Basin Bottom Line: Digital Wildcatter | Podcast

Explore how Weaver’s digital transformation practice grew from the Permian Basin and how AI supports faster decisions and operational improvements.

Podcast

Purchase Price Allocations in Upstream Energy Deals: Tax Considerations From NAPE 2026 | Podcast

Learn how purchase price allocations impact upstream energy deals, including PDPs, PUDs, recapture and equipment valuation. Watch now.

Podcast

The Basin Bottom Line: Tax Tornado in Texas | Podcast

Learn how severance tax planning, deductions and exemptions can reduce risk and improve cash flow for energy companies. Watch now.

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Our size and long-term commitment to downstream energy allow us to provide a wide range of services. Our clients range from Fortune 500 companies to innovative start-ups. Whether evaluating the capitalization on the latest major maintenance of a fractionator or reviewing a company’s production process against industry best practices to control methane emissions, Weaver offers services to meet your specific needs.

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What Makes Weaver Different?

Dedicated audit/tax planning for efficient engagements, minimizing requests to your staff and providing a high level of partner interaction
Consistent industry teams that understand your business, industry and market conditions
Involvement in oil and gas organizations – we have a vast network and focus on referrals
Global, full service offerings for the energy space
Consultative approach, not just compliance-driven
Boots on the ground, with a large presence in the communities we serve
Private equity focus: investor confidence, deadline-driven, efficiency
Commitment to staff development with specialized training on the energy side

How Can Weaver Help You?

State & Local Tax Services

Tax overpayment recovery and audit defense
Sales and use tax consulting and compliance
Property tax consulting and compliance
Income and franchise tax consulting and compliance
Compliance automation, outsourcing and co-sourcing
Corporate relocation services
Motor fuels and excise tax

International Tax Services

Federal Tax Services and Strategic Planning

Private client services
Business tax services
Tax M&A and due diligence
R&D tax credits
Federal and state tax credit reviews (oil & gas)
Strategic tax planning
- Carried interest analysis
- Property by property recapture analysis
- M&A purchase price allocation guidance
- Institutional and foreign investor structuring
- Rate arbitrate transactional analysis (ordinary vs. capital gains)
- Focus on management team tax implications and planning
- Life-cycle focused tax strategy (acquisition, operational, disposition)