A recent federal bank survey that indicated a continue slump in oil and gas activity in June in Oklahoma and other nearby states was confirmed by a new report from the State Treasurer’s office.
Treasurer Todd Russ reported Monday gross production tax revenues in June totaled $83.1 million, a decline of $4 million or 4.6% from the previous month.
The report showed gross production tax revenue from natural gas totaled $24.9 million while the same revenue from oil was $57 million.
The Kansas City Federal Reserve Bank recently released a report showing a continued decline in oil and gas activities in the Tenth District which includes Oklahoma.