Industries - Oil and Gas


Oil and Gas

At Baker Tilly, we serve a wide range of oil and gas clients ⁠–⁠ including upstream, exploration and production as well as oilfield services. Our experienced professionals understand the critical issues impacting this sector.

From risk management controls, securing capital, industry consolidation, commodities pricing to exit strategies, our audit, tax and transaction professionals at Baker Tilly will create customized solutions that are right for you.

We provide specialized service to emerging, junior and established exploration and production companies. Our upstream clients range from start-ups with little to no production to established companies producing 5,000 to 10,000 BOEPD.

Fuel initial success

We have assisted many clients long before their first barrel is pumped, or their first well is spudded. Our early involvement ensures that appropriate accounting systems and controls are established from the very beginning to assist future growth.

We know that emerging companies often face time, staffing and financial constraints, so we work closely with you to tailor systems that best meet your specific needs.

New players need ownership structures that are tax‑effective and support strategic business goals. Our experts can advise on optimum solutions, including the possible use of multiple share classes, flow-through shares, partnerships, trusts and other financial tools.

Managing growth

Companies face new challenges as they become larger and more complex. We can help you evaluate financial controls and enhance reporting systems so that managers have the timely and accurate information they need to make the best decisions.

If you are considering acquisitions, we provide corporate due diligence, assist with take-over bids and help create information circulars required in the public arena.

Harvesting value

For both private and public companies, a sound exit strategy is essential to maximize returns. In many situations, this strategy is developed before a sale is even contemplated.

Our comprehensive experience in both corporate and asset sales ⁠–⁠ including the structuring of transactions ⁠–⁠ ensures that you make the best use of capital gains exemptions, capital dividends and refundable taxes for private companies.

For public or private companies, if your exit strategy is a corporate sale, we have extensive experience in securities legislation and reporting requirements that will help any sale with public reporting requirements go smoothly.

Our services for the oil and gas sector include:

  • Audit and assurance
  • Tax compliance
  • Comprehensive tax planning
  • Mergers, acquisitions, planning and integration
  • Internal control assurance
  • Shareholder value analysis
  • Business process standardization and optimization
  • Financial management

Connect with your Baker Tilly advisor today to learn more.

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