Shiv Om Consultants

Shiv Om Consultants is the number one firm in the US in oil and gas severance tax accounting services. Our team has the experience you need to deliver consistent high-quality results. We have been serving the oil and gas industry for over two decades and enjoy a stellar reputation for taking care of our client’s needs. Let us put our talents to work for you. We specialize in severance tax and royalty reduction for oil and gas producing companies. Severance tax services include post production cost (PPC) deductions and tax exemption incentives. Royalty services include analysis of lease agreements and calculations of proper allowed cost deductions. Many Oil and Gas Producers are overpaying their severance taxes every month by under calculating post production costs. Overpayment of taxes and royalties unnecessarily increases lifting costs and reduces net operating income. Severance taxes and royalties are often overpaid because calculating the appropriate deductions is complex and a very different activity from typical field operations. Severance tax and royalty compliance requires many resources beyond financial accounting and involves a great deal of data processing and cost allocation that is not within the functionality of oil and gas financial accounting software. Typically, resources needed such as process engineers experienced in tax and royalty compliance, are not available in accounting departments. This makes tax and royalty minimization a challenging activity for many producers. We overcome the challenges of severance tax and royalty minimization with our People, Process and Technology. Shiv Om's expertise lies in its team’s ability to analyze detailed production and operational data and having a thorough understanding of the severance tax regulations and royalty practices in various jurisdictions.