Severance
Tax
Gain Clarity
Severance Tax is the breaking point. When natural resources exit the earth,
the savings opportunities begin. Our team propels you in the right direction.
Having grown up professionally in oil and gas tax consulting and having been raised in Texas surrounded by oil fields, our Tax Team is invested in the success and fiscal health of the oil and gas industry. This is our hometown. One of the most lucrative areas for revenue recovery is Severance Tax. Many operators fail to take advantage of deductions and exemptions and at times, make errors in the tax rates. Often incentives and other tax credits are overlooked by overworked, understaffed internal resources. Severance tax regulations can be complicated. There are intricate factors and operational details that require consideration. Only extremely diligent, experienced consultants capture all possible savings.
​
Crest’s professionals conduct a thorough review of your severance tax processes and filings, create a comprehensive tax strategy, and identify and recover overpayments. We take a deep dive on a well-by-well basis to identify the opportunities. The great news for you is that most of the research and analysis is completed off-site, utilizing government data and public records. This means it is not a heavy lift for you or your team. We then share our results. With your approval, we aggressively pursue those recovery opportunities and efficiently work through the strategy moving forward.
​
Our Severance Tax Team is comprised of various professionals with diverse expertise, ranging from audit and analysis to compliance and best-in-class process implementation.
Most importantly, we do all this
with YOUR tax strategy and
bottom line as the compass.
Severance Tax Services
Research
Review & Analysis of Data
Discovery of Incentives and Exemptions
Calculation & Application of Marketing Cost Deductions
Review & Recovery of Overpayment
Implementation of Severance Tax Process Improvement