Hybrid Course

SKU 07
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Product Details

Course Description & Learning Objectives

Location: Odessa Marriott and Conference Center (305 E 5th St, Odessa, TX 79761)

Speakers: Jimmy Martens & Gordon Martens

Brochure & Agenda: (Odessa Brochure 7/12/22)

Texas Sales Tax for the Oilfield Services Industry (4hrs of CPE)

Program Level Basic

Program Prerequisites none

Course Time (8:30am - 12:00pm)

This course explains how the Texas sales & use tax and well servicing tax rules apply to the oilfield services industry at all stages of the drilling and completion processes.

This course starts with determining an area of interest, then proceeds through the drilling and completion of a well.

After discussing the rules for producing fields, we conclude with tax rules for workover, and plugging & abandonment.

We also review the Comptroller's recent change in taxing policies for oilfield services, including flowback, directional drilling, and others.

Course Topics:

⬧ Seismic and Site Work

⬧ Drilling and Completion

⬧ Well-Servicing Issues

⬧ Operating Producing Fields

⬧ Workover

Texas Advanced Franchise Tax Workshop (4hrs of CPE)

Program Level Advanced

Program Prerequisite Basic understanding through compliance

Course Time (12:30pm - 4:00pm)

Those with a basic understanding of Texas franchise tax law should attend this course to gain in-depth knowledge of Texas franchise tax issues arising in Texas' major industries from an attorney who works on the front lines, trying complex Texas franchise tax cases in court and arguing the related appeals.

Course Topics:

⬧ Revenue Exclusion for Real Estate Activities

⬧ Revenue Exclusion for O&G Production

⬧ Heavy Equipment Rentals

⬧ COGS Installation Labor

⬧ Compensation

⬧ Service Industry Apportionment

⬧ Net Gains/Losses Apportionment

⬧ Transportation Apportionment

⬧ Management Companies

⬧ Combined Reporting

⬧ Medical Exclusions

If you have friends or colleagues that wish to attend this course,

please email us at to receive a colleague discount. No advanced preparation needed for this course.

Digital course materials will be provided (PDF)

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LAT Seminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority of the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

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