Industries
The Clay Thomas, P.C. CPA Firm Specializes In The Following Industries:
Energy & Utilities
At Clay Thomas, PC we are qualified to offer oil and gas, pipeline, and mining accounting to the energy industry. Globalization is causing greater competition in the energy and utility sectors. In response, our clients have turned to us following assistance to them in managing their responses to the dynamics of the current and future economic climates. We have assisted them with the following:
- Complying with Regulatory and Reporting Requirements
- Managing Financial Risk
- Managing Industry Regulatory Change
- Improving Performance and Operational Effectiveness
Oil & Gas
The volatility of oil and gas pricing during the past two years has given many energy related concerns cause to rethink strategies formerly considered prudent. For the greater part, most organizations operated under the assumption that high oil and gas prices were not capable of significant decline due to increased global demand for their products. Whether such trends can sustain themselves remains to be seen. However, it is apparent that changing market conditions have caused producers to diversify product mix. Non-traditional fuel sources and products such as oil sand, oil shale, and ethanol are continuing to become more price competitive.
Utilities
The utility sector is complex and rapidly changing as companies pursue new business models for competitive advantage. Profit margins are increasingly under pressure as competition and the credit risk for trading LNG and electricity increase. Companies involved with the trading and transportation of utility products also face a significant increase in regulatory and reporting requirements.