Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Oklahoma Senate Passes Tax Hike on Oil and Gas
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="RETOKSQUID" data-source="post: 3051708" data-attributes="member: 8681"><p>Isn't ND at a higher rate?</p><p></p><p><strong>North Dakota</strong></p><p></p><p>Oil Extraction Tax</p><ul> <li data-xf-list-type="ul">6.5% of gross oil value</li> <li data-xf-list-type="ul">4% of gross oil value if well qualifies for reduced rate</li> <li data-xf-list-type="ul">2% of gross oil value for qualifying wells in Bakken formation </li> <li data-xf-list-type="ul">Oil and Gas Gross Production Tax<ul> <li data-xf-list-type="ul">$0.1143 per MCF of gas (changes annually on July 1)</li> <li data-xf-list-type="ul">5% of gross value of natural gas or oil</li> </ul></li> </ul><p><strong>Oklahoma</strong></p><p></p><p>Gross Production Severance Tax</p><p>Tax on gross production and based on monthly average crude oil and gas prices:</p><p></p><ul> <li data-xf-list-type="ul">7% if oil price equal to or greater than $17 per barrel, gas price equal to or greater than $42.10 per MCF</li> <li data-xf-list-type="ul">4% if oil price less than $17 but greater than or equal to $14 per barrel, gas price less than $2.10 and greater than or equal to $1.75 per MCF</li> <li data-xf-list-type="ul">1% if oil price less than $14 per barrel, gas less than $1.75 per MCF</li> <li data-xf-list-type="ul">Petroleum Excise Tax <span style="font-size: 13px">0.095% of taxable oil or gas value</span></li> </ul><p><strong></strong></p><p><strong>Texas</strong></p><p></p><p>Gas and Oil Production Tax</p><ul> <li data-xf-list-type="ul">7.5% tax of gas market value</li> <li data-xf-list-type="ul">4.6% tax of oil market value</li> <li data-xf-list-type="ul">4.6% tax of gas condensate market value for gas condensate</li> <li data-xf-list-type="ul">Incentives and exemptions for inactive wells, marginal wells, and high cost gas wells<br /> Oil and Gas Field Clean-Up Regulatory Fee<ul> <li data-xf-list-type="ul">$0.06625 per barrel of crude oil</li> <li data-xf-list-type="ul">$0.000667 per MCF of gas</li> </ul></li> </ul></blockquote><p></p>
[QUOTE="RETOKSQUID, post: 3051708, member: 8681"] Isn't ND at a higher rate? [B]North Dakota[/B] Oil Extraction Tax [LIST] [*]6.5% of gross oil value [*]4% of gross oil value if well qualifies for reduced rate [*]2% of gross oil value for qualifying wells in Bakken formation [*]Oil and Gas Gross Production Tax [LIST] [*]$0.1143 per MCF of gas (changes annually on July 1) [*]5% of gross value of natural gas or oil [/LIST] [/LIST] [B]Oklahoma[/B] Gross Production Severance Tax Tax on gross production and based on monthly average crude oil and gas prices: [LIST] [*]7% if oil price equal to or greater than $17 per barrel, gas price equal to or greater than $42.10 per MCF [*]4% if oil price less than $17 but greater than or equal to $14 per barrel, gas price less than $2.10 and greater than or equal to $1.75 per MCF [*]1% if oil price less than $14 per barrel, gas less than $1.75 per MCF [*]Petroleum Excise Tax [SIZE=13px]0.095% of taxable oil or gas value[/SIZE] [/LIST] [B] Texas[/B] Gas and Oil Production Tax [LIST] [*]7.5% tax of gas market value [*]4.6% tax of oil market value [*]4.6% tax of gas condensate market value for gas condensate [*]Incentives and exemptions for inactive wells, marginal wells, and high cost gas wells Oil and Gas Field Clean-Up Regulatory Fee [LIST] [*]$0.06625 per barrel of crude oil [*]$0.000667 per MCF of gas [/LIST] [/LIST] [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Oklahoma Senate Passes Tax Hike on Oil and Gas
Search titles only
By:
Top
Bottom