Entries by Naomi Lemon

PLS IRR Scoop Stack Composite

Guest post  – George Aubrey – Petroleum Engineer and President of Trailblazer Energy The players in the SCOOP and STACK plays are touting internal rates of return (IRR) in the 50% to 80% range. What does this really mean AND would a 5% change in the Oklahoma severance tax rate (2% to 7%) make a […]

Restore Oklahoma Now, Inc

Restore Oklahoma Now, Inc.   Press release Oct. 26, 2017   Contact: Mickey Thompson Executive Director Restore Oklahoma Now, Inc. (405) 640-2555   Small oil producers, state educators push for Gross Production Tax ballot initiative  Measure would call for 7 percent GPT, teacher pay increase   OKLAHOMA CITY – An organization representing small independent oil […]

OEPA Oil and Gas Tax Benchmark Analysis

OEPA Oil and Gas Tax Benchmark Analysis The following PowerPoint presentation illustrates research findings conducted by WPA Intelligence in a statewide study among 2018 likely voters in Oklahoma regarding the oil and natural gas industry. Specifically, this research demonstrates strong support for the restoration of the Gross Production Tax to 7% on all oil wells, […]

The Double “Chumping” of Oklahoma

Big oil companies CEOs fly into OKC in their corporate jets and their $5000 Armani suits and hold press conference after press conference boasting about getting 2000-6000 barrel per day wells. They talk about how the Stack and the Scoop are the best plays in America with the lowest breakeven cost ($24.40 per barrel) and […]

What the 2% rate is costing Okla in tax revenue

Article  in the IHS Drilling Wire Here is an example of what the 2% rate is costing Okla in tax revenue in just 2 sections,- and that’s at $45 oil. This is almost criminal!! It also demonstrates how difficult this is to put in plain language every day Oklahomans can understand. Oklahoma reminds me of the brother Esau […]

OIPA demands Dewey Bartlett Jr.s Resignation

The Disintegration of a Petroleum Association   Dewey F. Bartlett Jr. Is a lifetime OIPA board member, former mayor of Tulsa, Former Chairman of OIPA, Former Chairman of the Oklahoma Energy Resources Board, former Chairman of the National Stripper Well Association and a leader in the Oil and Gas industry in America. For OIPA to […]

It’s Not Fake News. It’s Just Not Quite Accurate News.

Recently Adam Wilmoth at the Daily Oklahoman wrote a very well written piece on the landmark benefits of legislation (SB867) that allows horizontals drillers to drill laterally for more than a mile, for the first time ever: Oklahoma oil fields gain recognition.   The article touts as facts two assertions that we question.   The first […]