Sen. Mike Schulz
Senate Leader Praises Passage of Energy Jobs Act
Pro Tempore Mike
Schulz praised the final passage of Senate Bill 867, the Oklahoma
Energy Jobs Act of 2017. Schulz said the measure would generate
millions of dollars in revenue for the state and spur the creation
of thousands of jobs in the Oklahoma oil patch.
“The state of Oklahoma – from our economy to our state budget –
benefits greatly when oil and gas wells are operating and
producing. The Oklahoma Energy Jobs Act will kick start drilling
activity across the state, generating millions of dollars for our
schools and the state budget while also creating wealth and jobs
in the private sector. This bill is a job creator and a revenue
generator and comes at a time when the state is desperate for
both,” said Schulz, R-Altus. “This has been years in the making
and represents a compromise among policymakers, the industry,
mineral and property owners and other stakeholders.”
Schulz is principal author of the measure which is projected to
generate a total of $18.9 million in new revenue. SB 867 won final
approval in the House on Wednesday.
Sen. Bryce Marlatt, chairman of the Senate Energy Committee, said
the bill will help the oil and gas industry fuel the state’s
economic recovery. Currently, Oklahoma is the only state that
restricts long-lateral drilling based on the type of rock
formation. The bill also provides safeguards for property owners,
mineral owners, and all operators.
“The energy industry is the backbone of our state’s economy and
when the industry prospers our state prospers too. This bill makes
Oklahoma more competitive, and as a result means we’ll see more
activity in the oil patch and more money for our education and
state and local governments, and more good-paying jobs for
Oklahomans,” said Marlatt, R-Woodward.
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