Texas & New Mexico Sales and Use Tax for the Oilfield Services Industry - In-Person (Roswell, NM)

This course explains how the Texas Sales and Use/Well Servicing Taxes and the New Mexico Gross Receipts Tax rules apply to the oilfield services industry at all stages of the drilling and completion processes. This course starts with determining an area of interest, then proceeds through the drilling and completion of a well. After discussing the rules for producing fields, we conclude with tax rules for workover, and plugging & abandonment. We also review the Comptroller's recent change in taxing policies for oilfield services, including flowback, directional drilling, and others. 

October 24, 2024 
8:30am - 4:00pm 
8 CPE Credits 
Roswell, NM 

(Texas) Jimmy Martens 
(New Mexico) Tim Van Valen

Objectives

• Identifying taxable oilfield transactions
• Resolving rental versus service issues
• Well-Servicing Tax Rules
• Understanding how oil wells and drilled sites are taxed
• Applying the tax rules to all oilfield service phases

Credits