Newfield’s rate of return is higher in both the Scoop and the Stack plays(with a 2% tax rate) in Oklahoma than either the Bakken (10% tax rate) or the Eagle Ford (8.5% tax rate) Oklahoma is subsidizing their drilling in other states.
http://okenergyproducers.org/wp-content/uploads/2017/05/bigstock-140094038.jpg675900Naomi Lemonhttp://okenergyproducers.org/wp-content/uploads/2016/07/Logo-sm-296x300.jpgNaomi Lemon2017-05-30 19:16:322017-05-30 19:17:46Newfield's rate of return
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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.