Todd Russ, Oklahoma Treasurer
Gross Production Tax (GPT) equal $126.1 million in revenues for July, the division saw an overall increase over last year of $42.4 million or 50.6%.
“Gross Production Tax surged in July, the jump reflects higher output, stronger commodity prices, and momentum in the energy sector. While the industry remains sensitive to global markets, such growth signals improved profitability, rising investor confidence, and greater economic activity in Oklahoma’s oil and gas producing regions—strengthening state revenues and reinforcing the sector’s role in long-term economic stability.”
State Treasurer Todd Russ
For the full report click HERE.
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