Start Date:
Start Time:
8:30 AM CST
End Date:
End Time:
4:00 PM CST


Odessa Marriott and Conference Center
305 E 5th Street
Odessa, TX 79761
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Devyn Larson

Course Description & Learning Objectives

LocationOdessa Marriott and Conference Center (305 E 5th St, Odessa, TX 79761)

SpeakersJimmy Martens & Gordon Martens

Texas Sales Tax for the Oilfield Services Industry (4hrs of CPE)

Program Level Basic

Program Prerequisites none

Course Time (8:30am - 12:00pm)

This course explains how the Texas sales & use tax and well servicing tax rules apply to the oilfield services industry at all stages of the drilling and completion processes.

This course starts with determining an area of interest, then proceeds through the drilling and completion of a well.

After discussing the rules for producing fields, we conclude with tax rules for workover, plugging, abandonment.

We also review the Comptroller's recent change in taxing policies for oilfield services, including flowback, directional drilling, and others.

Course Topics:

⬧ Seismic and Site Work

⬧ Drilling and Completion

⬧ Well-Servicing Issues

⬧ Operating Producing Fields

⬧ Workover

Texas Advanced Franchise Tax Workshop (4hrs of CPE)

Program Level Advanced

Program Prerequisite Basic understanding through compliance

Course Time (12:30pm - 4:00pm)

Those with a basic understanding of Texas franchise tax law should attend this course to gain in-depth knowledge of Texas franchise tax issues arising in Texas' major industries from an attorney who works on the front lines, trying complex Texas franchise tax cases in court and arguing the related appeals.

Course Topics:

⬧ Revenue Exclusion for Real Estate Activities

⬧ Revenue Exclusion for O&G Production

⬧ Heavy Equipment Rentals

⬧ COGS Installation Labor

⬧ Compensation

⬧ Service Industry Apportionment

⬧ Net Gains/Losses Apportionment

⬧ Transportation Apportionment

⬧ Management Companies

⬧ Combined Reporting

⬧ Medical Exclusions

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