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The Water Cooler
General Discussion
Oklahoma spends 1/3 of its budget on corporate tax incentives!
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<blockquote data-quote="FlimFlam" data-source="post: 2008883" data-attributes="member: 4665"><p>The original intent may have been to allow deductions because of drilling a dry hole. However, as the price of oil has risen, more hard to get oil has become economically feasible. It's not just making sure you drill with confidence, but how much does it cost to drill a horizontal hole vs how much you'll get back and how soon.</p><p></p><p>Just my opinion.</p></blockquote><p></p>
[QUOTE="FlimFlam, post: 2008883, member: 4665"] The original intent may have been to allow deductions because of drilling a dry hole. However, as the price of oil has risen, more hard to get oil has become economically feasible. It's not just making sure you drill with confidence, but how much does it cost to drill a horizontal hole vs how much you'll get back and how soon. Just my opinion. [/QUOTE]
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The Water Cooler
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Oklahoma spends 1/3 of its budget on corporate tax incentives!
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