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Tax by Industry: Oil & Gas


Decreasing supply, fluctuating demand, uncertain regulations — today's oil and gas companies balance numerous challenges, nearly all with tax implications. Overseas exploration opens up risks and opportunities. Increased regulatory scrutiny raises the bar for compliance. Now more than ever, tax needs to be a part of every key decision.

Merger, acquisition and divestiture activity brings with it the need for due diligence, tax structuring and integration. Multinational offices demand effective tax rate management, including in-depth knowledge of transfer pricing, customs and duty planning, local taxes, global supply chain management and more. Furthermore, the current regulatory climate that’s keeping tax departments busy likely will get more intense. Companies need to keep up with environmental and safety concerns, claim and settlement accounting and Financial Accounting Standards Board's Interpretation No. 48 developments to be prepared for the possibility of increased audits.

If you don’t take action on tax issues, you might be exposing yourself to risk — or overpaying taxes unnecessarily. Our internationally recognized business consultants and tax specialists in Houston, Washington and around the world can help.

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Featured Insights

Oil & Gas tax alert
A recently issued Tax Court memorandum opinion, Dudek v. Commissioner, addresses the tax treatment of a bonus payment received by landowners in connection with the signing of an oil and gas lease agreement.


Oil and Gas Tax and Wealth Planning Considerations for Landowners
Landowners who have come into wealth as a result of the shale boom face significant tax and wealth planning considerations. These range from income-tax planning considerations applicable to high-income taxpayers to more distinct, industry-specific taxation matters that apply to certain mineral interest holders and the payments they may receive in conjunction with the sale or lease of their mineral rights. Review the article to learn more.


Global Oil & Gas Tax Newsletter: October 2013
The tenth edition of the Global oil & gas tax newsletter focuses on technical developments in various jurisdictions around the world.


2013 Deloitte Oil & Gas conference
Deloitte offers this annual conference for oil and gas executives and leading industry experts to share their views on important issues facing the global oil and gas industry.


Energy & Resources conferences and seminars
Deloitte offers a wide selection of eminent industry events, including our Deloitte Energy Conference, Deloitte Oil & Gas Conference, Deloitte Energy Accounting, Financial Reporting and Tax Update, Energy Transacting: Accounting, and Valuation, Deloitte Alternative Energy Seminar and two tax seminars: Utility Industry Book/Tax Differences and Accounting for Income Taxes: Rate-Regulated Utilities.

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