Oklahoma Watch Study: Oil, gas production plummets before taxes rise
July 9, 2017
An Oklahoma Watch analysis of more than 3,000 horizontal wells shows that more than half of a typical well's projected lifetime oil and gas production will occur during its first three years, when it is taxed at a much lower rate.
The analysis looks at all horizontal wells in the state that began production between February 2014 and January 2017. Oklahoma Watch obtained the data from the Oklahoma Tax Commission.
Wenzel Technology LLC, an Oklahoma City petroleum data analysis firm, plotted 30-year decline curves at Oklahoma Watch's request to estimate how much of a typical well's lifetime pr...