Oilfield Services

Oilfield services companies must master the unpredictable market forces of the larger oil and gas industry, at the same time dealing with the technical complexities of modern manufacturing and the challenges of a service industry. All of these challenges become even more complex as the energy transition accelerates.

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The Benefits of Direct Pay Permits in Texas’ Oil and Gas Industry

Texas’ direct pay permits can streamline tax compliance, improve cash flow and reduce costs for oil and gas companies.

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Tax Implications for Selling Oil and Gas Properties

In the oil and gas industry, an asset might be sold outright or as a disregarded entity, which is treated the same for federal income tax purposes.

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New Guidance for 45Z Clean Fuel Production Credit from the U.S. Treasury and IRS

The U.S. Department of the Treasury and Internal Revenue Service have issued long-awaited guidance for the 45Z Clean Fuel Production Credit.

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Private Capital Targets Clean Tech

CNBC's Pippa Steven's references insights from Mike Collier on private equity's role in the clean energy transition.

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Did You Receive a Schedule K-1 with Upstream Oil Income? Here’s What to Do

Received a Schedule K-1 with upstream oil income? Learn the five key steps to ensure accurate reporting, including deductions for IDC, depletion and asset sales.

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Demystifying Depletion: What Investors Should Know

Learn about depletion deductions for oil & gas investors. Understand percentage and cost depletion, key tax benefits and the impact on taxable income.

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Weaver can help. Whether your company is a multi-billion dollar international operation, a private-equity-funded startup, or a family-owned business, we understand what it takes to serve you effectively. Our clients range from drilling and completion companies to equipment manufacturers and distributors to support service companies for oil and gas wells. Major support services that our clients provide include preparing wells for production, transportation, and maintaining and enhancing the output of producing wells.

Quality, timely service; ongoing, candid communication; and active partner engagement — Weaver has built its reputation on these core principles. You can trust us to be there when you need answers and to deliver on time.

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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

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
- Multi-state income and franchise tax planning
- 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)