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Empowering Energy Companies with Accounting Strategies that Drive Growth

At Windes, our energy team has a deep understanding of our clients’ financial landscapes, encompassing income, expenditures, tax liabilities, financial goals, and beyond. We offer sophisticated expertise tailored to your business and the challenges and complexities
inherent in the energy sector, including:

  • Upstream activities and the financial implications of a broad range of energy ventures
  • Industry rates for regulated and deregulated states
  • Financial statement audits, tax return preparation and planning, and tax credit calculations
    specific to the energy industry
  • Advisory services under one roof for a comprehensive and integrated approach to servicing clients

Oil & Gas and Renewable Energy Companies

Windes provides energy accounting services to companies involved in exploration, production, gathering, and distribution. Our clients are part of this diverse industry that includes:

  • Exploration and production (E&P) companies
  • Pipeline, transportation, and compression companies
  • Oil field service industries and equipment manufacturers
  • Natural gas marketing firms
  • Drilling funds

Windes offers technical expertise and a commitment to service to emerging, independent, and middle-market energy company clients.


Energy Accounting Services


Windes has experience working with clients in multiple areas of the energy industry, including:

  • Companies that conduct exploration and production (including horizontal drilling and 3D seismic)
  • Pipelines, compressor stations, and gathering systems
  • Downstream activities include fracking stations and small refineries
  • Distribution and transportation of goods to retailers

Additionally, we are familiar with technical aspects, such as:

  • Accounting methods for full costs and successful efforts
  • Retirement obligations for assets
  • Issues related to the environment
  • Transactions involving derivatives (floors, collars, and ceilings)
  • Entities with variable interest
  • Public and private reporting requirements
  • Deferred taxes
  • Tax reporting (including statutory depletion and other differences between GAAP and tax laws)

Windes tax experts assist individuals (investors and promoters), partnerships (multi-level partnerships and special allocations), as well as corporate entities, including:

  • Exploration, production, and disposition of real estate (accounting and taxation)
  • Acquisition of properties through leases and lease bonuses, net profits, working interests, royalty interests, delay rentals, advance royalties, overriding royalty interests, production payments, and ownership interests exchanged for services.
  • Costs of drilling and development – geological and geophysical costs, expensing versus capitalizing, intangible drilling costs, carried interests, tangible equipment costs, completion costs, and dry hole costs.
  • Production – taxation of different types of mineral interests, depreciation of lease and well equipment, lease operating expenses, cost and statutory depletion calculations, barrel limitations, and net income and 65% limitations
  • Exchanges and dispositions – sales, leases, farmouts, like-kind exchanges, and abandonments



We provide specialized advisory services for energy clients, such as financial management outsourcing, operational and internal audits, and software implementation. Other services include:

  • Management of lease commitments
  • Ownership and reporting of foreign companies
  • Exchanges and sales
  • Taxes on sales and use
  • Advice and representation on state and local taxes
  • Representation to income taxing authorities
  • Valuation of businesses
  • Planning for succession


Ready to fuel your company’s growth?

Talk to a Windes energy expert today and discover how we can help empower your business’s success.

Energy Industry Insights

Read About - Inflation Reduction Act Tax Credits and Green Manufacturing
If you own a business in the manufacturing sector, understanding the tax credits and incentives offered under the Inflation Reduction Act and whether you qualify can help lower your tax liability.
Read About - Tax Credits Available to Nonprofits Under the Inflation Reduction Act
Programs created by the Inflation Reduction Act of 2022 (the Act) are accompanied by provisions that give nonprofits the opportunity to receive tax credits and “enable them to take an active role in building the clean energy economy, lowering costs for working families, and advancing environmental justice.”
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