State revenues show effect of declining oil, gas production

Declines in drilling and production of oil and gas in Oklahoma continued to take a toll on the state’s bottom line in October. According to the latest report on tax collections, revenue totals for the 12-month period that ended in October fell short of totals reported in the 12-month period that ended in October 2022 by $167 million, representing about a 1% decline. Total collections of $17.0...

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