Texas Sales & Use Tax

for the Oilfield Services Industry

Proper handling of Texas sales and use tax obligations is crucial to preserving profit margins and avoiding audit headaches within the oilfield services industry. This course teaches attendees about key sales and use tax concepts, as well as how to minimize the risk of an adverse audit assessment.

Increased production from fracking in Texas and other states has both generated substantial refund opportunities and prompted Texas to escalate audits of oilfield service companies. Recent rulings affecting the industry have contributed to these issues, as well.

This course is designed to educate professionals on the Texas sales tax issues prominent in the oilfield services industry. By completing this course you will gain a working knowledge of Texas’ sales tax rules as they apply to various phases of the oilfield services process including: seismic analysis, acquisition and preparation of drilling sites, drilling and completion of wells, and producing oil fields. You’ll get up to speed on recent rulings affecting the industry and learn how to minimize the likelihood of adverse tax assessments and discover refund opportunities. We’ll also discuss audit concerns and strategies, as well as your options in contesting any adverse assessments.

The Texas course is also occasionally offered in conjunction with Oklahoma, Colorado, and/or New Mexico.

Upcoming Oilfield Services Industry Sales Tax Seminars

Upcoming Oilfield Services Industry Sales Tax Webinars

These online courses are scheduled multiple times for live webcast viewing.