Tax Incentives for Oil & Gas Companies
Fuel Your Savings with Tax Incentives
Innovation powers the economy. The government rewards you for it with tax incentives, such as the R&D Tax Credit. Let CTI help power your business and capture all your potential tax credits.
Activities that can qualify
- Pressure transient analysis
- Oilfield and well site selection
- Reservoir stimulation activities
- FEED activities, including concept and pre-FEED
- Geological and geophysical studies
- Wastewater treatment solutions
- Environmental testing and remediation
- Control systems design and manufacture
How much businesses can save
Amine Treatment
System
$146M/yr
Avg Annual Revenue
$2.5M
Total Fed/State R&D Credits
Floating Production
Unit FEED
$29M/yr
Avg Annual Revenue
$290,000
Total Fed/State R&D Credits
Natural Gas
Pressure Station
$24M/yr
Avg Annual Revenue
$117,000
Total Fed/State R&D Credits
How CTI makes tax incentives easy
The Challenge
Determining Qualified Wages
Knowing they could claim R&D tax credits for the time employees devoted to research and development, a growing control systems manufacturer struggled to accurately and thoroughly quantify the eligible wages for the various staff involved in the company’s development activities.
Our Solution
Detailed Feasibility Review
CTI’s team of specialists meticulously examined the potentially qualified R&D activities and expenses related to the company’s projects. They went beyond core engineers to also identify qualified wages for direct support personnel, high-level executives, and third-party contractors. CTI’s credit estimate was significantly higher than expected.
Soar to New Heights with Tax Incentives
Let CTI capture funding for you by maximizing tax incentives for your business through expert know-how and personalized service.
Types of incentives
Employment Incentives
In recognition of the jobs and training that employers like you provide, governments offer employment incentives to help you offset payroll taxes, pay for employee training, and tap into new talent pools.
R&D Incentives
Research and development incentives reward businesses of all industries and sizes for technical approaches to problem-solving, thus promoting innovation and improvement for companies and the economy.
Cost Segregation
Increase cash flow with cost segregation’s accelerated depreciation for real estate assets. If you've acquired, remodeled, expanded, or constructed real estate, you can likely benefit from a cost segregation study.
Discretionary Incentives
Take advantage of your business location with discretionary incentives that go beyond standard incentive opportunities. Know where to look and how to negotiate in order to reap your full financial potential.
CTI identified almost $2 million in R&D tax credits over three years. We’ve built a rapport and consistent methodology with CTI that makes for an efficient study process and credit amounts beyond our expectations.
Jeff Marshall, CEO & Co-founder
Soar to New Heights with Tax Incentives
Reach out to a tax consultant to learn how CTI powers your business for success.
