State Treasurer: Fossil Fuels Rebound to Push Gross Receipts Higher

Oklahoma Gross Receipts to the treasury in August grew by almost 20 percent over the year with a rebounding fossil fuel industry leading the way, State Treasurer Randy McDaniel announced last week. Total monthly gross receipts of $1.17 billion are higher than August of last year by $191.2 million, or 19.5 percent. Collections from the gross production tax on oil and natural gas are up...