Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Crimson Ghost who wrote (36973)	2/7/1999 2:46:00 AM
From: Jamey	Read Replies (1) of 95453

George, I understand that the Governor, Keating, of Oklahoma got approval to cut taxes levied on Oklahoma oil industry. Its something like normal taxes when the price of crude is above $18.00. When crude is at $15 they will pay 5% in taxes. When crude is at $12.o or lower taxes will only be 1%. Don't quote me for sure on the levels as I don't have the article in front of me but the word is that Oklahoma Oil producers are extremely happy with the arrangement. Do you know if any of the other oil states are following suite? If not, its just a matter of time before they all adopt this tax cutting measure. Santiago

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