Oil & Gas
We have a deep understanding and appreciation for the unique risks and opportunities posed by the oil and gas industry throughout Canada. We have years of practical experience working with oilfield services businesses, which allows us a unique perspective into the challenges you face at every point in the cycle.
The oil and gas industry is complex with numerous federal and local requirements that necessitate specific financial documents to prove compliance. Clear and transparent accounting practices are essential and our team can help you to achieve this. Furthermore, whether you are just starting up, growing your oilfield organization, or maintaining it, one thing is for sure, your company needs and deserves an accounting team that can expertly navigate the challenges of this competitive, ever-expanding industry.
Specifically, we can work with you in the following areas:
Oilfield Service Industry Financial Statement Preparation
We can provide a tailored level of support for your oil and gas organization depending on your financial statement and reporting needs. Our service offering is broad ranging and encompasses the full spectrum of services from bookkeeping to accounting and reviews. We understand that compliance is not necessarily your first priority as it takes time and attention away from running your oilfield business. Accounting and taxation are at the heart of our firm and one of our key strengths; let us handle this for you.
Oil and Gas Industry Business Advisory Services
The need for solid practical oilfield industry business advice can never be overstated. That being said, we have been in the trenches and have experience in tough situations. When you need to make a difficult decision, it’s important to have someone next to you who can give you concrete examples of what has and has not worked rather than an opinion based on a theoretical understanding of your situation. Whether it’s expanding geographically or diversifying your product lines, we can help you navigate the financial landscape to achieve your goals.
Sometimes change needs to come from within and we are more than willing to give you a fresh perspective on your oilfield services organization and how to streamline your systems and processes in order to maximize your returns.
Oilfield Services Tax Planning and Compliance
We take all aspects of your business and personal situation into consideration when planning out an effective tax strategy for you. This involves not only understanding where you are today but also planning for where you want to be in the future. We keep up to date on changes in tax legislation, both general and that specific to the oilfield industry, and we are always proactive in helping you understand how this could impact you and your business. We can also help our clients with more specialized needs such as estate planning and applying for scientific research and development tax credits.
Oilfield Services Industry Corporate Finance
Navigating an oilfield industry merger, acquisition or sale can be a long and complex process with many twists and turns along the way. We can help guide you through this maze and make sure that the journey is as smooth as it can be with the right amount of planning and preparation at the beginning of the process. We can also help you think through the various financing scenarios and understand how different aspects of debt and equity can change the dynamics of a transaction