Skip to Site Navigation | Skip to Content

Warmington: Roads a priority for energy industry (OPINION)

Warmington: Roads a priority for energy industry (OPINION)

The Journal Record
By: Chad Warmington, Guest Columnist
April 19, 2019

Oklahoma’s oil and natural gas industry is committed to the communities where the men and women of our industry work and live.

One of the biggest issues those communities face is upkeep and upgrades to the roads their residents use on a daily basis.

In 2018, $93 million in revenue from the state’s gross production tax on oil and natural gas production was returned to counties for highways and for the county bridge and road improvement fund. Those earmarks were created to ensure that money for road repairs is available in areas where oil and natural gas exploration and production is most active.

That funding will grow in 2019 thanks to increased gross production tax collections. To date, the GPT has generated $890 million for the fiscal year, approximately $400 million more than the same time frame a year ago... FULL ARTICLE

No comments (Add your own)

Add a New Comment


code
 

Comment Guidelines: No HTML is allowed. Off-topic or inappropriate comments will be edited or deleted. Thanks.