R&D Tax Credits Incentives for the Oil & Gas Industry

Many companies in the gas and oil industry do not realize that they are eligible for the Research & Development tax credit. The R&D tax credit allows companies to realize tax savings, increase cash flow, and stay competitive in the marketplace. Many of the qualifying activities are considered day‐to­‐day operations for the petroleum industry. The benefits can be significant and are efficient to realize through our services. The R&D tax credit can provide a hidden but immediate source of cash from prior years, plus a significant reduction to current and future years’ federal and state tax liabilities.

Research & Development Tax Credit Incentives for the Petroleum Industry

  • Offshore structure design
  • Plant Design
  • Waste water solutions
  • Determining a method to transport or refine oil or gas more efficiently
  • Improving or developing drill designs
  • Containment systems
  • Testing fuel combustion
  • Environmental testing and removal of pollution or contaminants from the environment

Our R&D Tax Credit practice consists of engineers, CPAs, and attorneys who have extensive experience conducting R&D Tax Credit Studies at both the federal and state level. Our process begins with a free assessment to ensure that the company qualifies for the credit and would be able to utilize them. Each of our studies includes a site visit to help facilitate the study process. We also include audit support with all of our studies. This is a conservative federal and state incentive that was just made permanent by Congress as part of the 2015 PATH Act. Contact ETS for more information at 800-236-6519 or email here.

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