Energy

Rapidly changing market, environmental, technological and other business conditions present special challenges to the energy industry. The demand for more secure sources of energy is on the increase, while at the same time U.S. and global political and economic pressures as well as environmental regulations have a strong impact on the way companies do business. Price volatility, especially in the past few years, greatly affects a company’s capital spending plans, risk management practices, the availability of drilling rigs and services and even access to industry-related talent.

Recent mergers, property acquisition and divestiture activity, and highly capitalized new entrants to the industry, have created the need for professionals who provide services to support these activities. Diversification, through investment in alternative fuel sources, such as ethanol, bio-diesel, oil sands and others, present new opportunities as well as business challenges.

Grant Thornton’s National Energy practice is dedicated to serving the accounting, tax and business advisory needs of public and privately owned energy companies. Our experienced professionals know the energy business and appreciate its intricacies. We understand that oil and gas companies--whether in the exploration and production, gathering and transportation, refining and marketing or field services sectors--have unique needs that require service providers with industry know-how and experience.

Headquartered in Houston with significant energy expertise in Dallas, Denver, Oklahoma City, Kansas City, Tulsa and Wichita, Grant Thornton’s Energy practice is comprised of more than 100 professionals with experience in all segments of the industry, including exploration and production, drilling and energy services, pipeline and distribution, and refining and marketing. Our team provides the following industry-specific services:

• Assurance services
• Internal audit services
• Governance risk and compliance
• Economic advisory services
• Federal tax services
• International tax consulting
• State and local tax consulting

For more information about Grant Thornton’s energy industry credentials, contact:

Reed Wood
Partner-in-Charge, Energy practice
832.476.3618