Tax breaks for horizontal drilling are worth about $100 million a year, according to OKPolicy … “and this cost could balloon to as high as $400 million annually without legislative action,” writes the organization’s director David Blatt.
The poll, conducted in late April by Global Strategies Group, provided respondents brief arguments for and against horizontal drilling tax breaks and then asked them whether they “support or oppose providing tax breaks to oil and gas companies for horizontal drilling.” Nearly two-thirds of respondents oppose these tax breaks (65 percent), while less than a third support them (28 percent). Oklahomans of all political stripes oppose the tax breaks, with a clear majority of Democrats (79 percent) and Independents (68 percent), and a plurality of Republicans (49 percent compared to 43 percent), in opposition.
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