Oklahoma State University research concludes that tax incentives have had no effect on Oklahoma drilling activity.
“In this paper, we build on this existing literature by examining whether Oklahoma’s severance tax reduction has led to disparate effects for horizontal versus conventional drilling as compared with its neighboring states. These states, particularly Texas, share a similar oil and gas resource potential, which we will use in this paper in order to isolate the effect of the tax policy on development from differences in development due to resource disparities. Our findings suggest that the Oklahoma tax exemption has not increased horizontal drilling activity.” ~excerpt from the study
Read the entire study here. http://bit.ly/2ErwujI