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Oil & Gas Audits and Accounting Services

oil and gasThe oil and gas industry continues to be challenging with the recent volatility in the energy markets. Energy futures point to an increase in oil and natural gas prices, but there continues to be significant uncertainty due to the current worldwide recession. In both good markets and bad, accountability with lenders, investors and government regulators is critical. As credit markets continue to remain tight, it is highly important that companies within the industry maintain positive relationships with their banks.

At Marret & Company, PLLC, a Knoxville CPA firm, we understand the complexities of the oil and gas industry and the numerous challenges that you face. Your audit and tax compliance requirements need not distract you from your core business. Our experienced team of professionals provides audit, tax and accounting assistance for companies involved in drilling, exploration and production.

We have consulted with our clients in applying the complex accounting regulations that include:

  • SEC Rule SX 4-10 Full Cost Accounting
  • FAS 19 Successful Efforts Accounting
  • FAS 141 Purchase Accounting
  • Joint Venture Accounting and Joint Interest Billings
  • Depletion, Depreciation and Amortization
  • Asset Retirement Obligations and Related Environmental Issues
  • FAS 69 Oil and Gas Reporting Disclosures
  • Debt and Equity Financing Arrangements
  • Hedge Accounting and FAS 133 Derivative Accounting

For more information regarding our services, please contact Greg at 865-558-3449 or send us an e-mail.