Oil & Gas
 
  • Do you have accurate and timely data to make fiscal decisions surrounding funding working capital, growth and new product development?
  • Have you optimized strategies to boost cashflow or financing for funding exploration and drilling?
  • Do you understand the key financial drivers to maximizing your operations & profitability?
  • Are you structured to minimize taxes?

Our specialists have extensive knowledge and years of experience in the oil and gas industry and can provide expertise regarding the intricacies of production accounting and joint venture billing. Our industry knowledge of exploration and development allows us to effectively analyze situations and provide key tax and business advice.

While we provide oil and gas clients with industry specific production accounting and reporting services, we also extend expert advice regarding the purchase or sale of resource properties. Our participation and involvement in the industry gives us the knowledge and understanding to provide timely and practical advice regarding the implications of the latest industry challenges.

Our Team Approach

As Saskatchewan’s largest independent chartered professional accounting and business advisory firm, our expertise extends beyond traditional accounting compliance services. Virtus Group specialists deliver in-depth knowledge of local tax, regulatory, reporting issues and business matters pertinent to the oil and gas industry. With resource industry specialists, our oil and gas clients can depend on responsive financial advisors to assist them with issues ranging from high-end business consulting to standard industry services such as revenue distribution.

Currently Virtus Group services more than 100 companies in the oil and gas field. We understand that oil and gas companies require responsive financial advisors who can provide them with industry specific services as well as a full range of complimentary accounting and business advising services.

Our affiliation with Allinial Global allows us to access professional resources, training and market intelligence across North America. This partnership gives our oil and gas clients access to expert advice about taxes, regulations and finance to explore opportunities throughout the world.

Our Services

We offer industry specific services to our clients in the following areas:

  • Royalty calculations and reporting
  • Fully integrated general ledger
  • Production accounting
  • Joint venture billing
  • Resource taxation
  • Well reporting
  • Financial forecasting & projections
  • Mergers & acquisition assistance and deal structuring
  • Operational review & analysis
  • Corporate restructuring
  • Business valuations
  • Litigation support
  • Exit planning

Private Business Speaker Series

Our Quarterly Speaker series is designed to provide valuable insight on business topics for privately managed business.  As a Virtus Group client you are invited to attend all our Private Business presentations. View our events page for a list of our upcoming presentations.