Tag: deep well drilling

Over a Barrel: How we ended up on the hook to oil and gas producers to the tune of $294 million

NOTE: This week, Oklahomans learned the state was on the hook to pay oil and gas producers $294 million over the next three years in deferred tax rebates for horizontal and deep well drilling in 2010 and 2011, an amount… Read more [More...]

From the Archives: I don't need it but I'll take it – Revisiting oil and gas tax breaks

Note: This afternoon, the Task Force for the Study of State Tax Credits and Economic Incentives will be examining gross production tax exemptions. This blog post on the subject initially ran in March 2011. A recent news report examining proposals… Read more [More...]

I don't need it but I'll take it – Revisiting oil and gas tax breaks

A recent news report examining proposals to limit the federal tax deduction for charitable giving concluded with a comment that gets to the crux of the debate over tax breaks: As one donor explained, he doesn’t give to charity to… Read more [More...]