Quote Originally Posted by onthestrip View Post
More talk about the drilling tax. More comments that contradict the claims that Oklahoma's rock isnt the best and drilling is too expensive here.

Fourth Reading: Oil industry isn?t going away | The Journal Record
What they said. Basing the reasoning for a tax increase on the potential of one play as portrayed in a presentation that's purpose is to pump up the play to investors isn't a great strategy. Continental hasn't drilled that many wells in it yet and results haven't been as good as Continental's throughout the entire play. Like adaniel said, Sandridge, CHK, shell and others said the Mississippi play in Kansas was going to be an excellent play and now they have either sold out or are letting large portions of their acreage expire.


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