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

You Need to Grow.


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

Frank R. Parrish, III

Audit & Administrative Partner

Frank R. Parrish, III., has more than twenty years of professional experience including over eight years in Big Four public accounting and four years on the PCAOB Global Inspections Team. Having broad European and Southeast Asian insights, Frank has assisted U.S. and foreign based companies in their journey to list on U.S. public markets, M&A and other transactions.  

His passion about the spirit of entrepreneurship and significant experience in SEC reporting, initial public offerings, revenue recognition, lease accounting, internal audit, and business valuations makes him an integral part of our team. 

He has experience in serving both privately and publicly held enterprises, in industries including biotechnology, pharmaceuticals, high tech, oil & gas, construction, manufacturing, software, telecommunications, real estate, broker-dealers and other service industries.

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

Areas of Expertise
  • Public & Private  Accounting
  • Internal Auditing
  • Corporate Finance
  • The US Generally Accepted Accounting Principles
  • International Financial  Reporting Standards
  • Broker-Dealer Audits
  • Forensic Accounting
  • Business Valuations
  • Real Estate Appraisals

Iqbal Safdar - CPA, FCA

Audit Partner

Iqbal Safdar has over 20 years of professional experience in both International and Domestic markets including 10 years of experience in Big Four public accounting firm serving various assurance clients which are publicly traded as well as privately held entities.

Having served in oil & gas, manufacturing, hospitality, utility & power generation, information technology, home building & construction, private equity funds, brokerage enterprises and not-for-profit entities, his diverse technical knowledge and experience is unmatched.


He looks forward to adding your success to his repertoire.

Areas of Expertise
  • Public & Private  Accounting & Auditing
  • Internal Auditing
  • Corporate Finance
  • The US Generally Accepted Accounting Principles
  • International Financial  Reporting Standards
  • Anti-Money Laundering Audits
  • Forensic Accounting 

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

Ricky Anderson – CPA

Tax Partner

Ricky brings more than ten years of accounting experience to the team and has worked with multiple large firms including PMB Helin Donovan and McEvoy & Company.

His primary responsibilities include tax preparation, strategy development, client interaction, and counsel as well as providing guidance to members of his team and members of other teams when their activities overlap with the tax department.

Ricky is a Certified Public Accountant (CPA). He is also a member of multiple professional organizations including:

  • American Institute of Certified Public Accountants (AICPA)
  • Texas Society of CPAs (TSCPA)
  • Houston CPA Society

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