Over the same period, Oklahoma’s oil and gas production tax revenue slid 32 percent, in spite of soaring oil prices and a doubling of oil output. ... the Oklahoma Tax Commission said.

In Texas, oil production tax revenue of $5.058 billion so far in fiscal 2022, which ends Aug. 31, is already 30% higher than the previous record of $3.89 billion set in fiscal 2019.

An Oklahoma Watch an­­alysis of more than 3,000 horizontal wells shows more than half of a typical well’s projected lifetime oil and gas production will occur during its first three Skip to ...