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, […]
This author has yet to write their bio.Meanwhile lets just say that we are proud V contributed a whooping 34 entries.
Entries by V
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 […]
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 […]
OIPA calls for Campaign for 2% rate As posted below, the OIPA has a new call to their membership to fund a campaign to make sure they keep the “special 2% “ rate on new wells. They say they want to raise money to put a new face on the industry! They’ve put a […]
HYDRAULIC FRACTURING Small producer wins verdict against Devon in ‘frack hit’ case An Oklahoma jury has awarded $220,000 to a company that says hydraulic fracturing of a horizontal oil well damaged its conventional oil well. Advocates for vertical well owners called the verdict against Devon Energy Corp. a significant victory in the bitter fight between […]
OEPA: This is a message from one of the 3000+ small Oklahoma oil and gas producers that we are trying to protect. He asked to remain anonymous because he doesn’t want to offend the handful of companies doing this work that will even consider negotiations to pay for the damage they have done. Most say […]
Commentary regarding article in Journal Record – Being a good neighbor in STACK, SCOOP Article in reference: http://ow.ly/2vci30e1uWn If the big oil associations really want to be good neighbors they should stop the destruction of the hundreds of vertical wells with their horizontal frack jobs around those communities. While they are at it they should join […]
Whatever differences exist between different interest in the oil and gas industry, the one common goal that we should all have is to be well regarded by the American public. Two of our board members Mike Cantrell and Pete Brown, who were the agency’s first and second Chairmen, are widely regarded as the co-founders of […]
Guest blog by Dewey Bartlett Jr. and Mike Cantrell Over the past few months, many of us representing the conventional oil and natural gas industry have been reflecting upon our experience at the Oklahoma legislature. Even though our position did not win the day, we are all very proud […]
Attached is a chart showing the now long term effect (20 months) of the damage done by 2 offset horizontal Mississippi wells on 4 Misener-Hunton (AKA Hunton Dolomite) wells. As you can see, the well’s production levels have improved over the last 18 months, but not without significant expense (well over $100,000), and certainly not […]
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 $