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 […]

Mike Cantrell Identifies The ‘Chumps’ At the Capitol

The daily Journal of Rep. Jon Echols is getting a lot of reading by Oklahomans. It’s also getting a lot of diverse comments. One noteworthy reaction in Rep. Jon Echol’s latest post comes from the longtime Ada, OK financier and oil production expert, Mike Cantrell. It’s priceless and blunt. We’re posting it for your review. The Double Chumping […]

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 […]