Upstream

Upstream/exploration and production (E&P) operators and investors must constantly adapt to evolving regulations, risk, and commodity prices. The changing landscape of energy requires a nimble and proactive approach to managing the opportunities and challenges in the space — especially difficult issues like finding access to capital and exiting assets.

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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.

Article

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.

Article

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.

Ext. Publication

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.

Article

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.

Article

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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At Weaver, we know energy.

With offices from Houston to Dallas to Midland to Fort Worth, we serve more than 1,000 traditional upstream clients, from smaller independents to multinational energy giants. We offer in-depth knowledge of E&P issues, a deep bench of professionals experienced across the full spectrum of energy interests, and a broad and deep understanding of your business. Our teams are particularly experienced in serving private-equity-sponsored oil and gas companies.

We are deeply familiar with the issues you face, from uncertain credit markets to frequent legislative and tax changes, consolidation, regulatory and environmental oversight, health and safety concerns, data security, and other areas of potential risk.

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)