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The Water Cooler
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Oklahoma Earthquake Politics
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<blockquote data-quote="okietool" data-source="post: 2720712" data-attributes="member: 6030"><p>Personally, I think the OERB does stuff it shouldn't. If lease and damage agreements were signed and executed either the operator or the land owner should clean those sights up. If a company goes under and you signed a damage agreement and took the money it should be on you. That being said, I'm glad they (we) are doing it, some one has to. I can't see anyone jumping up to say I'll do it on the earthquakes, the liability would be crazy.</p><p></p><p>It may be a valid reason for a wellhead tax of some sort, but that sort of stuff gets crazy too. And taxing a commodity that is already diminishing in value, probably won't grow jobs.</p><p></p><p>If it comes down to a tax, I think it should be a tax off the top, affecting both royalty owners and producers.</p></blockquote><p></p>
[QUOTE="okietool, post: 2720712, member: 6030"] Personally, I think the OERB does stuff it shouldn't. If lease and damage agreements were signed and executed either the operator or the land owner should clean those sights up. If a company goes under and you signed a damage agreement and took the money it should be on you. That being said, I'm glad they (we) are doing it, some one has to. I can't see anyone jumping up to say I'll do it on the earthquakes, the liability would be crazy. It may be a valid reason for a wellhead tax of some sort, but that sort of stuff gets crazy too. And taxing a commodity that is already diminishing in value, probably won't grow jobs. If it comes down to a tax, I think it should be a tax off the top, affecting both royalty owners and producers. [/QUOTE]
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