Oklahoma

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Oklahoma Legislature Passes Controversial Tax Incentive for New Oil and Gas Wells

The  Oklahoma Legislature on Thursday approved a bill that makes permanent a generous tax incentive for oil and gas production. The votes followed a heated debate at the Capitol, and months of disagreement between lawmakers, industry lobbyists and energy executives, which are divided on the measure. The bill’s approval was decried by opponents, like the [...]

Three of Oklahoma’s Largest Oil Companies’ Plan for How the State Should Tax Them

An Oklahoma pump jack.

Executives at Chesapeake Energy, Continental Resources and Devon Energy have proposed a plan for Oklahoma’s taxes on oil and natural gas production. The proposal comes as legislators are debating state oil and gas taxes, which include an incentive for horizontal drilling that expires next year. The Oklahoman‘s Adam Wilmoth reports: The newest proposal would change [...]

OK Policy Poll: Voters Oppose Tax Incentives for Horizontal Drilling

A new poll shows 64 percent of Oklahoma voters oppose state tax incentives for horizontal drilling and support eliminating the incentive to pay for other government services. Oklahoma levies a 7 percent tax on oil and gas production, but the horizontal drilling incentive lowers the rate to 1 percent for the first 48 months of [...]

To Drill Wells in Norman, Company Buys City Drinking Water Right From the Hydrant

For a fee, most municipalities will give contractors and other industrial users a special water meter and temporary access to a city fire hydrant. The meters and hydrant access are often used for construction sites, and the buyer usually pays a higher per-gallon water rate for the high-flow access. But there’s an unusual industrial customer [...]

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