OKPOLICY.ORG
“I have overseen the budgeting process of drilling thousands of wells at two different companies in Oklahoma. In the process of drilling a well, there were many factors that are considered. However, the implication of a state’s gross production tax has never had a material impact on whether to drill or not drill. … The intent of the Oklahoma gross production tax holiday has outlived its purpose of subsidizing the experiment of horizontal drilling … The tax holiday had an expiration for good reason and was never intended to create a long-term entitlement for the industry.”
– Tom Ward, former CEO of SandRidge Energy Inc. and current CEO of Tapstone Energy LLC (source: http://bit.ly/1vDmvuh).
