Financial Experts for Energy Industry - Energy Industry Accounting Services in Houston, TX

You Need to Grow.

Energy

TPS Thayer’s energy industry financial expertise includes working with clients on audit, tax, and accounting issues. We provide you with the insight you need to help you meet the complex challenges unique to your industry. Our team gives you comprehensive services and solutions to help move your business forward through audit and enterprise risk, tax, consulting, and financial advisory services.

Our energy clients range from start-up oil and gas exploration and development companies to operating production companies. Whether you are an operator or non-operator, gas vs. oil, focused or domestic vs. international company, the specialists at TPS Thayer understand your business and can provide you the expertise you need to grow profitably.

Energy Industry Audit

Auditing oil and gas and other extractive industries are unique. At TPS Thayer, we provide oil and gas companies with audits and reviews of financial statements and internal controls reporting following professional standards. We have audit teams with a deep understanding of the auditing issues unique to the oil and gas industry.

Energy Industry Tax Advisory

When you need specialized tax knowledge, or you need to supplement your tax organization while understanding the details necessary to oil and gas companies, TPS Thayer’s tax professionals can step in and step up. Let us help you explore ways to reduce your tax exposure by helping you understand and manage critical tax issues. The dramatic changes occurring in the tax arena require companies to do more proactive planning to help maintain a competitive advantage, and that’s where our team excels.

Energy Industry Accounting Services

We understand the accounting and reporting implications for oil and gas companies, including:

  • Derivative Accounting
  • Successful Efforts Accounting
  • Purchase Accounting
  • Production Revenue and Royalty Accounting
  • Joint Venture Accounting and Joint Interest Billings
  • Depletion, Depreciation, and Amortization
  • Asset Retirement Obligations and Environmental Issues

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Contact Info

John Thayer, CPA

Managing Partner

John is an accomplished Tax Partner with 40+ years’ experience.  He personally oversees the preparation of over 1500 annual tax returns.

John received his Bachelor of Business of Administration Degree from the University of Houston where he is an active alumnus.

Areas of Expertise
  • Tax Returns
  • IRS Audit & Negotiations
  • Public & Private  Accounting
  • Corporate Finance
  • Mergers & Acquisitions
  • Medical Practices
  • Business Valuations
  • Bankruptcy Proceedings
  • Litigation Support & Expert Testimony
  • Buy & Sell Agreements
  • Estate & Gift Tax

Curt Vaculik, AE  

Tax Principal

Curt is an accomplished tax partner with 15 years of professional experience with strong expertise in healthcare, construction, and real estate.

He graduated from the University of Houston with a BBA in Accounting in 2003. 

Contact him today to discover what his extensive knowledge can do for you.

Areas of Expertise
  • Income tax planning
  • Income tax preparation
  • Choice of entity and business structure planning
  • Tax minimization and credit strategies        
  • Business purchase, sale, or mergers
  • Sale or purchase of real property
  • Property exchanges
  • Lease/Buy analysis
  • Financing alternatives
  • International issues
  • Consolidated returns
  • Tax credits (R & D, work opportunity, earned income, foreign, etc.
  •  Payroll, property and sales tax issues
  • IRS audit representation
  • Estate & Gift Tax

Faisal Siddiqui - CPA

Audit Partner

Faisal Siddiqui boasts over 18 years of professional experience, including his tenure at Big Four accounting firms and his involvement in audit inspections with PCAOB. His extensive background encompasses leading both International and Domestic engagements. These engagements range from Emerging Growth Companies to Fortune 500 enterprises, where he has guided companies through IPOs, evaluated and implemented Internal Control Environments, and assessed Audit Quality & Remediation.

With a history of service across various industries such as oil & gas, manufacturing, hospitality, utility & power generation, home building, information technology, construction, and private equity funds & brokerage enterprises, Faisal Siddiqui possesses an unparalleled wealth of diverse technical knowledge and experience.

His impressive portfolio encompasses clients from both the privately held and publicly-traded realms. No task is deemed too small or too large; feel free to reach out to him at any time to discover solutions tailored to your needs.

Areas of Expertise

  • Public and Private Accounting
  • External and Internal Auditing
  • Internal Control Auditing
  • Implementation of COSO Framework
  • Financial Analysis
  • Marketing Research Consultation
  • Assessment and Consultation on Audit Quality
  • Consultation for Remediation
  • Consultation on PCAOB Comment Forms

Jose Pena - CPA

Audit Partner

CPA in Texas, Venezuela and Colombia, bilingual (English-Spanish) with international Public Accounting experience. Proven and comprehensive experience in audits and business advisory role in Energy, Services, Healthcare, Construction, Real Estate, Manufacturing, and Distribution audits. Broad range of achievements as a Big Four Professional Services Partner in a highly competitive, change intensive environment. Resourceful leader with a strong balance between technical proficiency, business objectives, strategic vision and organizational and staff development.

Extensive expertise in all key aspects of financial management including: auditing, accounting & risk assessment, financial reporting & analysis, performance & profit improvement, accounting systems & internal control, business opportunity assessments, IPO, reverser mergers & regulatory/SEC compliance, and International Financial Reporting Standards (“IFRS”).

Specialties: IFRS experience, SOX 404 compliance,Accounting for Foreign Currency, Income Taxes, Impairment of Long Live Assets, Stock Based Compensation.

Patrick Wong - CPA

Audit Partner

Coming Soon

May Huang - CPA

Audit Partner

Coming Soon