An obscure sales tax break authored by Oklahoma’s Senate leader is subsidizing an expensive form of enhanced oil recovery for seven companies, including the senator’s employer.
The tax break on electricity used to power old “waterflood” recovery projects was authored in 2005 by now-Senate President Pro Tempore Brian Bingman, R-Sapulpa.
The first company to apply for and receive the exemption was Uplands Resources Inc. of Tulsa. At the time, Bingman was the company’s land manager. He currently works there as vice president of land and operations.