Tax Incentives for the Oil & Gas Industry

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Oil and gas companies operate in one of the most capital-intensive and technically complex industries, with ongoing investment in exploration, drilling, production facilities, infrastructure, and equipment. These projects often involve significant upfront and long-term capital expenditures, creating meaningful opportunities for tax savings that are frequently underutilized.

KBKG helps oil and gas companies identify and maximize tax incentives related to Research and Development (R&D) Tax Credits, Repair vs. Capitalization Review, Cost Segregation / Fixed Assets, Negotiated Incentives, and Transfer Pricing.

Our experienced team works to uncover overlooked deductions and credits, improve cash flow, and help energy companies fully leverage available federal and state tax benefits.

Oil & Gas Industry Tax Saving Opportunities

Cost Segregation for Buildings & Improvements

Any building acquisition or/and improvements over $1.5M should be reviewed for proper classification of the individual components for tax depreciation.

Repair vs. Capitalization Review §263(a)

Taxpayers often capitalize major building expenditures that could be claimed as current year deductions for repairs and maintenance such as HVAC units, roofs, parking lots and more.

Fixed Asset Review

Evaluating a company's entire fixed asset schedule to identify assets that can be optimized for federal and state tax purposes. Taxpayers utilizing the book method of accounting for tax are not maximizing their available deductions.

Research and Development (R&D) Tax Credit

Federal credit worth approximately 7% to 10% of qualified research expenditures related to designing, developing and improving processes, formulae, and software. State R&D tax credits may also be available, allowing eligible companies to maximize their tax benefits.

Transfer Pricing

Cross-border transfer prices drive how much income tax a multinational company pays by country. Transfer pricing regulations apply to the intercompany prices of goods, services, royalties, and loans across all industries. Many companies can realize significant tax savings through transfer pricing strategies.

Negotiated Incentives

KBKG helps businesses secure and maximize state and local incentive programs that reduce project costs and improve long-term return on investment.

Oil & Gas Industry Tax Insights

July 6th Amended Return Deadline for 174 Costs

Eligible small businesses have until July 6, 2026 to file amended returns to retroactively deduct certain domestic research and experimental expenditures that…

REIT Distribution Planning: How Cost Segregation Creates Deployable Cash

REITs often focus on maximizing shareholder value and maintaining strict compliance with REIT qualification rules. One of the most effective financial planning tools available is cost segregation…

Boston BERDO Deadline Moved to Aug. 15, 2026: What Building Owners Should Do Now

Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube Book a Meeting By Jesse Stanley | Principal, Energy Services Boston just extended the next BERDO reporting deadline, giving covered building owners more time to file emissions and energy data. The BERDO Review Board moved the 2026 BERDO reporting deadline from

Tax Incentives for the Oil & Gas Industry

Find out if you qualify

Oil & Gas Industry Tax Saving Opportunities