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

Learn how the taxing process applies to the oilfield service industry in these stages:

• Seismic and Site Work
• Drilling and Completion
• Well-Servicing Issues
• Operating Producing Fields