Globalization is resulting in greater competition in energy and utility sectors. Many of Clay Thomas P.C.'s clients in the oil and gas, pipeline and mining industries need help managing responses to the dynamic of current and future economic climates. We help clients with the following:

• Comply with regulatory and reporting requirements
• Manage financial risk
• Manage industry/regulatory change
• Improve performance and operational effectiveness

Oil and Gas

The volatility of energy prices forces many energy-related concern to rethink strategies formerly considered prudent. Many energy concerns operate under the assumption that oil and gas prices cannot decline in the face of increased global demand. Whether this is true remains to be seen. However, changing market conditions now force producers to diversify product mix. And, non-traditional fuel sources and products like oil sand, oil shale, and ethanol continue to become more price-competitive.

Utilities

The complex, rapidly changing utility sector requires new business models for competitive advantage. Profit margins are under pressure as competition and the credit risk for trading LNG and electricity increase. Companies who trade and transport utility products face a significant increase in regulatory and reporting requirements.

The staff at Clay Thomas, PC provides services to the specific needs of the industry, including:

• Accounting for Exploration Costs
• Accounting for Joint Operations
• Oil, Gas and NGL Sales
• Production Costs
• Oil and Gas Reserves
• Asset Retirement Obligations and Conveyances
• Partnership Interest and International Operations
• Derivatives and Hedge Accounting
• Income, Excise, Sales, and International Taxation