The COVID-19 pandemic has put many oil and gas companies in financially difficult positions. In response to low oil prices and a decline in earnings, oil and gas companies should understand several tax provisions that could help them increase liquidity by producing a tax refund, reducing tax liability or deferring…
Rob Myatt, CPA is the partner-in-charge, Energy Services, for Weaver, the largest independent accounting firm in the southwest. He is an active member of the Texas Society of Certified Public Accountants and the American Institute of Certified Public Accountants. He is also an active member of the Council of Petroleum Accountants Society (COPAS) and the Young Professionals in Energy of Dallas. Myatt holds a master
of science in tax accounting and a bachelor of business administration in accounting, both from Texas Tech University. He can be reached at rob.myatt@weaver.com.
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.