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Texas, Colorado, Louisiana & Oklahoma Sales and Use Tax for the Oilfield Services Industry - 10/17/24 - Houston, TX


Tax Courses for CPE credit

Regular price $199.00 USD
Regular price Sale price $199.00 USD
Sale State Society Sponsored Course
Course Format
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October 17, 2024

Course Countdown:


Texas, Colorado, Louisiana & Oklahoma Sales and Use Tax for the Oilfield Services Industry

CPE Credit Hours: 8.0

Program Level: Basic

Program Prerequisite: None

Advanced Preparation: None

Course Presenter (Texas): Jimmy Martens

Course Presenter (Colorado): Stephen Metz

Course Presenter (Louisiana): Gary Dressler

Course Presenter (Oklahoma): Tom Smith

Course Time: 8:30 am - 4:00 pm

Location: Hilton Houston North

Recent crude oil price stabilization along with newly-discovered, prolific oil & gas fields in Texas, Oklahoma and Colorado have likewise prompted the state taxing authorities to “mine” records for additional state revenues. Refund opportunities and pitfalls in these four states’ tax laws have generated similar interest in the oilfield service providers. Attend this all-day course to learn from well-known, expert instructors from each state. We’ll spend the morning discussing each state’s tax laws for context in an oilfield setting. For the afternoon, the speakers will present as a panel, during which they will review each phase of the oilfield process, followed by discussions of how each of the states’ tax laws applies to those phases.

Learning Objectives

Sales & Use Tax as it applies to:

  • Seismic and Site Work
  • Drilling and Completion
  • Well-Servicing Work
  • Operating Producing Fields
  • Workover
  • Offshore Exemptions

  • Time Topics Issues Covered
    8:30 Texas Sales Tax & Well Servicing Tax
    9:45 Oklahoma Sales Tax
    10:45 Break 10 Minute Break
    10:55 Colorado Sales Tax
    12:00 Lunch Provided for In-Person Attendees
    12:30 Louisiana Sales Tax
    1:30 Break 10 Minute Break
    1:40 Oilfield Services & How Taxes Apply (Panel Discussion)
  • Determining Where to Drill
  • Acquiring Oil Leases
  • Preparing the Site and Access Road
  • Moving Equipment & Rigging Up
  • Drilling the Well
  • Completing the Well
  • Operating the Producing Field
  • Workover
  • Plugging & Abandonment

    • NASBA Statement

      LAT Seminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority over the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket