Audit raises flag at state agency focused on marginal oil, gas wells
BY MEGAN ROLLAND NewsOK.com
Sunday, November 18, 2012
11/18/12 at 4:00 AM
A state audit questions more than $10,000 in costs incurred by a small state agency focused on Oklahoma's marginal oil and gas wells.
The Commission on Marginally Producing Oil and Gas Wells supports and promotes some of Oklahoma's small oil and natural gas producers with a focus on wells that are producing small amounts of oil and gas, called stripper wells.
The agency is funded by a voluntary fee assessed on oil and gas gross production. Those in the industry not wishing to fund the agency can file for reimbursement of the extra tax on their gross production.
State Auditor and Inspector Gary Jones released an audit of the agency in mid-October finding that negligent management has "allowed for widespread abuse and potential fraud, resulting in questioned costs of $10,028."
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Original Print Headline: State audit raises flag at oil agency