Budget Negotiations: Oil groups support Step Up Oklahoma

Leaders of two Oklahoma oil and gas associations on Tuesday announced their support for a slate of reform and revenue measures advocated by a coalition of Oklahoma civic and business leaders called Step Up Oklahoma.

Tuesday’s endorsements came from the board of directors of the Oklahoma Oil & Gas Association and the executive committee of the Oklahoma Independent Petroleum Association.

Endorsements by those groups is considered critical to the potential success of Step Up Oklahoma’s comprehensive slate of reform and revenue-raising proposals because the oil and gas industry is being asked to pick up the tab for about $133.5 million in new state revenue through an increase in the gross production tax.

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