Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Oklahoma Senate Passes Tax Hike on Oil and Gas
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="SlugSlinger" data-source="post: 3051641" data-attributes="member: 7248"><p>I was listening to Pat Campbell yesterday while he interviewed Nathan Dahm about this gross production tax increase. Basically it impacts only drilling new wells and not existing wells. So you have people like billionaire Kaiser pushing for this tax increase because they don't drill new wells, but have existing wells that are not impacted.</p><p>What this tax increase will do is stop new drilling in Oklahoma and what tax revenue they have now will go away. The E&P companies have already stated they would stop drilling in Oklahoma if there is a tax increase. This is not a threat, but reality because if these taxes are increased, these companies will be below break-even and would lose money with every new well.</p><p></p><p>State Sen. Nathan Dahm on Biggest Tax Raise In State History <a href="http://www.1170kfaq.com/shows/pat-campbell/pat-campbell-podcast/state-sen-nathan-dahm-on-biggest-tax-raise-in-state-history" target="_blank">http://www.1170kfaq.com/shows/pat-campbell/pat-campbell-podcast/state-sen-nathan-dahm-on-biggest-tax-raise-in-state-history</a></p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3051641, member: 7248"] I was listening to Pat Campbell yesterday while he interviewed Nathan Dahm about this gross production tax increase. Basically it impacts only drilling new wells and not existing wells. So you have people like billionaire Kaiser pushing for this tax increase because they don't drill new wells, but have existing wells that are not impacted. What this tax increase will do is stop new drilling in Oklahoma and what tax revenue they have now will go away. The E&P companies have already stated they would stop drilling in Oklahoma if there is a tax increase. This is not a threat, but reality because if these taxes are increased, these companies will be below break-even and would lose money with every new well. State Sen. Nathan Dahm on Biggest Tax Raise In State History [URL]http://www.1170kfaq.com/shows/pat-campbell/pat-campbell-podcast/state-sen-nathan-dahm-on-biggest-tax-raise-in-state-history[/URL] [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Oklahoma Senate Passes Tax Hike on Oil and Gas
Search titles only
By:
Top
Bottom