BACK OFFICE ADMINISTRATION FOR OIL & GAS PURCHASERS

Tax Accounting Services

Tax Accounting Services For Oil And Gas Companies

To schedule a free consultation, please call (303) 463-8799 or fill out our contact form.

When it comes to oil and gas tax accounting, there’s no messing around! Little mistakes can lead to big consequences. If you want to make sure that you have accurate and timely calculations, reporting, and payment of taxes, we can do it for you!

At ExTex, we offer a range of tax accounting services for oil and gas division orders.

Monthly Production And Severance Tax Reports
We prepare and remit monthly oil and gas production and severance tax reports to various state and federal agencies throughout the U.S. Our monthly severance reports include gross revenue from oil and gas sales, taxable volumes and prices, deductions, and the amount of tax owed and remitted.

Monthly Oil And Gas Tax Payments
Based on monthly oil and gas production and revenue figures, we prepare and remit monthly tax payments via wire, check, or online payment portals to the various tax entities (local, state, and federal governments).

Monthly And Quarterly Oil And Gas Tax Withholding Reports
We prepare and submit monthly and quarterly tax withholding reports to local, state, and federal tax authorities.

Detailed Oil and Gas Tax Reports
We provide you with detailed oil and gas tax reports for your records. These include the tax categories and types, granular breakdowns (at the well, lease or property level), and transaction-level details (of gross revenues, allowable deductions, net taxable revenue, applicable tax rates, tax calculations, tax amounts withheld, and tax amounts remitted).

Oil And Gas Royalty Reports
We prepare and submit detailed records of oil and gas royalty payments to various tax entities throughout the U.S.

Year-End Tax Reporting And Documents
We prepare yearly 1099s, 1042s, and various state income tax forms for payments that have been made to owners throughout the year. These tax documents help ensure compliance with federal and state tax regulations, and they allow owners to accurately file their personal or business tax returns.

ExTex – Providing Back Office Support Since 1998
Whether you are an oil and gas purchaser or producer, your business is complex enough, without having to worry about accounting and other back office tasks! That is why we started ExTex in 1998 – to help oil and gas companies streamline their back office operations. While much has changed over the years, our commitment remains the same: to deliver the best back office outsourcing services for oil and gas companies, so that our clients can focus on what they do best. We are SOC compliant, a rigorous process that we undergo every year to ensure that we are constantly implementing, maintaining, and improving our processes, in compliance with the most up-to-date accounting practices. And our proprietary onboarding process for new clients ensures a smooth, seamless, transition.

For more information about our tax accounting services for oil and gas companies, or to schedule a free consultation, please call (303) 463-8799 or fill out our contact form.

ExTex Division Order Services, LLC is located in the Denver metro area (in Golden, Colorado), and we provide back office outsourcing services for oil and gas companies across the U.S. and Canada. In addition to tax accounting services, we also offer a full range of back office administrative services for oil and gas companies, including: revenue accounting services, title services, well services, and division order services.