“A simple, flat, 7-percent GPT for all oil and gas production in Oklahoma will not drive operators from Oklahoma . . . It will still, however, leave us the least-taxed major hydrocarbon producer in the country and reduce the effect of inevitable future price drops. The geology that Nature has bestowed upon us, combined with the technical savvy of local operators, will keep the industry interested in Oklahoma for as long as there is an industry.”
– Dan Boyd, petroleum geologist who worked at the Oklahoma Geological Survey for 11 years, in an editorial advocating for higher oil and gas taxes (Source)