Oil & Gas & Natural Resources

COVID-19 Resource Center button

Our Natural Resources group focuses on clients involved in owning, exploring, developing, extracting and managing coal, timber, oil, and gas natural resources. We assist owners, producers, operators, drillers and explorers with industry specific accounting, tax, and strategic planning. We can assist with tax strategy and compliance, financial statement compilation and review, litigation support, estate and succession planning, transaction structuring and purchasing and selling businesses.

Our team of professionals are ready to put their knowledge and experience to work for you.

The Internal Revenue Service (IRS) issued Notice 2021-34 that establishes the Marginal Well Credit (MWC) for 2020 of $0.66 per MCF. This credit is available for working interest owners (not royalty) based on marginal gas production during 2019.

Contact an ACT Advisor

For more information, contact your Arnett Carbis Toothman advisor or one of these trusted advisors.

J. Marlin Witt CPA, CFP, CGMA marlin.witt@actcpas.com
William Phillips CPA bill.phillips@actcpas.com
Steven Robey CPA, CGMA steve.robey@actcpas.com