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 […]
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Entries by OEPA
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, […]
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 […]
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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