Business Details
25 Years
experience
Trusted Oil & Gas Accounting Services in Houston, TX
Since 2001, Creel & Associates has established itself as a trusted partner for oil and gas companies navigating complex regulatory landscapes. Our team specializes in production, severance tax, and royalty reporting for federal, Texas, and Louisiana jurisdictions. With decades of combined experience, we deliver customized solutions that reduce liabilities, ensure compliance, and optimize revenue recovery. Our expertise in ONRR regulations, Railroad Commission requirements, and state-specific reporting frameworks positions us as industry leaders.We maintain strong relationships with regulatory bodies to provide proactive guidance, while our recovery services have secured over $2 million in client reimbursements. Our commitment to integrity and technical excellence has earned recognition from clients like Regal Oil and Castex Energy.
Services
Federal ONRR Reporting
Texas Production Allocations
Louisiana Severance Taxes
Royalty Reporting
Revenue Accounting
Production Audits
Tax Recovery Services
Details
- Year established: 2001
Highlights and features
- 20+ years of oil and gas regulatory compliance experience
- Proven track record recovering $2M+ in client reimbursements
- Customized reporting solutions for federal and state requirements
- Direct relationships with ONRR, Railroad Commission, and SONRIS
- Specialized recovery services for overpayment claims
What people say
Save us 4% in taxes
Operate efficiently with smaller staff
Keep us current on reporting changes
Helped recover over $2 million
Prevent interest and fees
Services
Federal ONRR Reporting
Our Federal ONRR Reporting service ensures compliance with Office of Natural Resources Revenue requirements through accurate royalty reporting, production allocation, and audit preparation. We handle market condition rule determinations, revenue accounting reviews, and unbundling processes for onshore and offshore operations. With expertise in ONRR's Data Mining and Volume Comparison protocols, we help clients avoid penalties up to $25,000 per violation while maintaining transparent communication with regulatory authorities.
Texas Production Allocations
Texas Production Allocations service specializes in Railroad Commission (RRC) compliance, including HB2259 testing, AP-134 filings, and GLO-1/2/3 reporting. We assist with monthly production reports, lease maintenance, and commingling agreements while optimizing severance tax filings through the Natural Gas ETF System. Our team helps clients navigate Texas Comptroller and General Land Office requirements, reducing administrative burdens and preventing interest/fee accumulation from late submissions.
Louisiana Severance Taxes
Louisiana Severance Taxes service provides comprehensive O1-D, G1-D, and SR-1 reporting through SONRIS system expertise. We handle monthly tax returns, monitor rate reductions, and prepare production handling agreements while maintaining compliance with Louisiana Department of Revenue and Office of Mineral Income regulations. Our team customizes reporting workflows for each client's operational needs, ensuring accurate royalty calculations and timely submissions to prevent regulatory penalties.
Royalty Reporting
Our Royalty Reporting service ensures precise calculation and submission of federal, Texas, and Louisiana royalty obligations. We manage state lease reporting (GLO-1/2/3), production allocations, and lease agreement reviews while maintaining compliance with evolving regulatory frameworks. By integrating field data with accounting systems, we help clients avoid underpayments and overpayments, with recovery services available for historical discrepancies.
Recovery Services
Recovery Services specialize in identifying and reclaiming overpaid royalties and taxes from federal and state agencies. Our team has successfully secured over $2 million in reimbursements for clients through ONRR and Louisiana Department of Revenue claims. We analyze historical filings, identify discrepancies, and manage the entire recovery process while maintaining compliance with current reporting obligations.
People
Barry Creel
President
Barry Creel leads Creel & Associates with over 20 years of oil and gas accounting expertise. He oversees federal reporting compliance and strategic client relationships, leveraging deep industry knowledge to ensure regulatory adherence while optimizing financial outcomes for energy producers.
Myrissa Childress
Federal Reporting Team Lead
Myrissa Childress manages federal reporting operations with specialized expertise in ONRR compliance. She directs audit preparation, royalty reporting, and regulatory strategy implementation, ensuring clients meet evolving federal requirements while minimizing financial exposure through proactive compliance measures.
Allison Longoria
Vice President of Business Development
Allison Longoria drives business growth while maintaining technical oversight of client accounts. With extensive experience in oil and gas regulatory frameworks, she ensures service delivery aligns with industry standards and client-specific needs across federal and state jurisdictions.
Questions
What oil and gas accounting services do you offer?
We provide federal ONRR reporting, Texas and Louisiana production accounting, royalty calculations, severance tax filings, and regulatory compliance services tailored to exploration and production companies.
How do you handle regulatory compliance?
Our team maintains expertise in ONRR, Railroad Commission, and SONRIS requirements, ensuring accurate reporting through customized workflows and proactive updates on regulatory changes.
Can you help recover overpaid taxes?
Yes, our recovery services have secured over $2 million in reimbursements by identifying historical discrepancies and managing claims with federal and state agencies.
What states do you specialize in?
We focus on federal jurisdiction, Texas (Railroad Commission, GLO), and Louisiana (SONRIS, OMI) reporting requirements with dedicated teams for each regulatory framework.
How do you handle audit preparation?
We provide audit support through accurate record-keeping, compliance documentation, and direct assistance during ONRR and state agency examinations to minimize financial exposure.
