The House JCAB met, finally at around 11:00 p.m. last night. The highlight was that HB 2429 passed out of committee 17-9. This bill would raise the Gross Production Tax to 4% on some wells. No copy of the bill was available until right before the meeting (about 15 minutes). You can read about the bill here: http://www.oklegislature.gov/BillInfo.aspx?Bill=HB2429&Tab=0
We haven’t seen HB 2382 on any agendas, but things are very “up in the air” at the Capitol right now, so Terry and I will be at the Capitol today closely watching activities.