Correction: Representative Jon Echols replied that our last sentence in our top 10 reasons to raise GPT letter was in need of correction. We always intend to be accurate and we missed one here. We said: “It’s disingenuous to call the negotiation which resulted in the 1% rate going to a 4% rate a tax […]
This author has yet to write their bio.Meanwhile lets just say that we are proud OEPA contributed a whooping 4 entries.
Entries by OEPA
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 […]
Let us introduce you to Donelle Harder. She is the VP of the Big oil association in Oklahoma. Below you’ll find her comments to a guest post (link) from a former industry insider who advocated for 7% GPT across the board and our response. Please reprimand us if we ever try to pull the wool […]
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 […]
Did you know that …
Hundreds if not thousands of wells are being destroyed by horizontal frac jobs. All these wells paid 7% GPT and are being replaced by wells paying 2% GPT. These losses cost jobs all over the state.
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- 200+ bbls/day $5,000
- 101 – 200 bbls/day $2,500
- 51 – 100 bbls/day $1,000
- 26 – 50 bbls/day $500
- 0 – 25 bbls/day $100
- Other amount $