Entries by OEPA

Top 10 reasons Oklahoma should restore 2% gross production tax rate to 7%. 

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 […]

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 […]