Tax break for horizontal drilling

Ponca City Now - January 4, 2014 10:39 am

OKLAHOMA CITY (AP) – House Speaker T.W. Shannon says he wants to extend a generous tax break for horizontal drilling in Oklahoma, saying the incentive is encouraging economic activity in the state. Shannon issued a statement yesterday saying he intends to introduce a bill that would make permanent the tax break for horizontal drilling that was initially implemented in the 1990s when such drilling was experimental and very costly.

 

Latest Stories

Chuck Bowman Makes Book Donation to PCPS

Former Ponca City High School graduate and 2018 Ponca City High School Alumni Hall of Fame...

Gov. Stitt Signs Bill Banning Abortion From The Point Of Fertilization

OKLAHOMA CITY –  Governor Kevin Stitt has signed HB4327 into law. The bill bans abortion starting...

Rep. Eric Roberts’ Election Bills Become Law

OKLAHOMA CITY – Two bills by Rep. Eric Roberts, R-Oklahoma City, to make absentee ballot requests more...