Regulation and reporting in the oil, gas, and pipeline industries require especially complex accounting techniques. Not only do companies have to conduct operations in a variety of regulatory and tax regimes, but they also have big upfront investment needs, which correlate with uncertain long term results.

This demands careful judgment when choosing a CPA to help establish and maintain corporate governance, internal controls and external reporting. Meredith & Associates stays ahead of changes and trends involving all petroleum accounting matters in order to provide unsurpassable guidance to clients. We also understand the drilling and exploration process, which is just one of our many specialties.

Others include:

• Oil and Gas Reserves
• Asset depletion and depreciation
• Accounting for Joint Operations
• Accounting for Exploration Costs
• Revenue recognition in oil & gas sales
• Production type and the correlating costs
• Asset impairment and retirement obligations
• Partnership Interest and International Operations

With knowledgeable people and industry specific tax and accounting software, we are well prepared to complete any task, including monthly bookkeeping services, annual tax preparation, business valuation services, and financial statement presentation techniques.

Meredith & Associates also has a unique outsourced accounting service utilizing hosted WolfePak oil and gas software that allows our clients 24/7 access to all their accounting information.