August 4, 2022
By News Director Jared Atha
State collections from oil and gas production again climbed to record levels in July, only a month after setting an all-time high, State Treasurer Randy McDaniel announced as he released the latest Gross Receipts to the Treasury report.
Total collections in July of $1.38 billion are 13.3 percent higher than receipts in July of last year. Receipts from the gross production tax on oil and gas extraction set a one-month record of $187.2 million, up by $104.6 million, or 126.6 percent, from the prior year. This surpasses last month’s record by $16 million, or 9.4 percent.
Elsewhere, AAA reports the average price of gasoline in Oklahoma is currently $3.76 per gallon, down from $4.54 a month ago. July gross production collections are based on May production when West Texas Intermediate crude oil was $109.55 per barrel and Henry Hub natural gas was $8.14 per million BTU.
Collections on income and consumption also rose in July, but at single-digit instead of triple-digit growth rates. Combined individual and corporate collections of $372.1 million are up by 5.5 percent. Total sales and use tax receipts of $590.1 million show an increase of 8.1 percent.
Monthly motor vehicle tax collections dropped for a second consecutive month. July receipts of $77.2 million are down by 5 percent from the same month of last year.
Gross receipts for the past 12 months of $16.62 billion are up by $2.52 billion, or 17.9 percent, over the prior 12-month period. All four major revenue streams show growth, ranging from 100.8 percent in gross production collections to 5.4 percent in motor vehicle tax receipts.
McDaniel also reported that the Oklahoma unemployment rate in June was reported as 2.9 percent by the U.S. Bureau of Labor Statistics. That is up from 2.8 percent in June. The U.S. jobless rate was listed as 3.6 percent in June, unchanged from May.
Got a news tip? Send it in: Email news@kecofm.com
Copyright 2022 Paragon Communications. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Voter Registration Deadline Approaches
Cheyenne, OK – Friday, January 16th, is the last day to apply for voter registration in order to be eligible to vote in the February 10th Merritt School District Special Election, Roger Mills County Election Board Secretary
PSO Requests Rate Hike That Could Raise Electric Bills 15%
Tulsa, OK – Public Service Company of Oklahoma has gone public with a new rate hike request filed with the Oklahoma Corporation Commission that could increase customer electric bills by about 15% if approved. The request follows
ODOT Updates Clinton I-40 Interchange Project, Approves Engineering Contracts and Bridge Improvements
Oklahoma City, OK – The Oklahoma Transportation Commission met Monday morning, receiving updates on major highway projects and approving several engineering contracts and bridge improvements across the state. Oklahoma Transportation Commission members heard from Oklahoma Department of
Forecasters Warn Western Oklahoma Could Face Early, Widespread Wildfire Threat in 2026
Western Oklahoma – Western Oklahoma could be facing another dangerous wildfire season as early as January, with forecasters warning conditions may be worse and more widespread than last year. Predictors with the National Interagency Fire Center say
Man accused of orchestrating forged check scheme from Beckham County Jail
Sayre, OK – A Sayre man is facing multiple felony charges after investigators say he organized a forged check scheme from inside the Beckham County Jail, allegedly directing others to obtain and use stolen checks to secure
Ball and Weatherly Pin SWOSU Graduates
Weatherford, OK – A former Elk City teacher and a long-time Elk City businessman and civic leader recognized new alumni at the recent Southwestern Oklahoma State University fall graduation ceremony in Weatherford. Sue Ball, Basil Weatherly, and
Kiowa Road Wildfire Burns More Than 300 Acres, No Structures Lost
Roger Mills County, OK – A wildfire burning near Kiowa Road in Roger Mills County scorched more than 300 acres of pasture land Tuesday afternoon before crews were able to bring it largely under control. According to
2025 Marked by Tragedy, Change, and Community Milestones Across Western Oklahoma
Western Oklahoma – From winter through late fall, 2025 delivered major headlines across western Oklahoma, including fatal crashes, a high-profile murder trial, a large-scale hazmat emergency, and significant changes at Southwestern Oklahoma State University, alongside Route 66
North Carolina woman charged after drug stop on I-40 near Clinton
Custer County, OK – A North Carolina woman is facing felony and misdemeanor drug charges following a traffic stop on Interstate 40 in Custer County. According to a probable cause affidavit filed in Custer County District Court,
Texas Panhandle Cities Unite Against Energy Company Over Historic Smokehouse Creek Fire
Texas Panhandle – Nearly a year after the Smokehouse Creek Fire scorched more than a million acres across the Texas Panhandle and into Western Oklahoma, the cities of Wheeler and Canadian, Texas are among eleven Panhandle communities
Sayre Water Service Restored After Christmas Day Main Break, Boil Advisory Pending Test Results
Sayre, OK – City officials in Sayre say water service has been fully restored following a major 12 inch transmission line break early Christmas morning, with testing now underway to lift the city’s precautionary boil water advisory.
One injured in early morning crash on I-40 in Beckham County
Beckham County, OK – One person was injured in a single vehicle collision early Sunday morning in Beckham County, according to the Oklahoma Highway Patrol. The crash happened at about 3:22 a.m. on December 28 on westbound
Sayre Issues Boil Water Advisory After Christmas Day Water Main Break
Sayre, OK — Sayre city officials have issued a precautionary boil water advisory after a 12-inch transmission main broke on Christmas Day, cutting service for parts of the community and raising concerns about water safety. The City
Dr. Joel Kendall Named Interim President of Southwestern Oklahoma State University
Weatherford, OK — The Regional University System of Oklahoma (RUSO) and Southwestern Oklahoma State University (SWOSU) today announced the appointment of Dr. Joel Kendall as Interim President of Southwestern Oklahoma State University, effective January 12, 2026. Dr.
Oklahoma’s Recognized Political Parties Keep Primaries Closed
Oklahoma City, OK – State Election Board Secretary Paul Ziriax announced today that no political party filed a notice to allow Independents to vote in its primaries and runoff primaries during the 2026-2027 election years. Since no
Clinton woman arrested following Walmart theft and fraud investigation
Elk City, OK – An Elk City Police investigation into reported theft and fraud at Walmart has led to the arrest of a Clinton woman on multiple felony charges. According to a probable cause affidavit filed in
Stolen Vehicle Quickly Recovered in Erick
Erick, OK – A stolen vehicle reported in Erick was recovered within hours thanks to quick work by the Beckham County Sheriff’s Office. According to Derek Manning, the vehicle and an attached trailer were reported stolen by
Weapons Found During Child Abuse Investigation in Beckham County
Beckham County, OK – Beckham County Sheriff’s Office deputies recovered multiple firearms while serving a search warrant connected to an ongoing child abuse investigation in Beckham County, according to Sheriff Derek Manning. Sheriff Manning said detectives were
Investigation Uncovers Fraud Scheme Involving Jail Inmate
Sayre, OK – An investigation by the Beckham County Sheriff’s Office uncovered an attempted fraud scheme involving an inmate inside the Beckham County Jail, according to Sheriff Derek Manning. Manning said the case was uncovered through the
Bobbie Walker Announces Bid for Wheeler County Clerk
Wheeler County, TX – Bobbie Walker has announced her candidacy for Wheeler County Clerk, citing long-standing ties to the county and extensive experience in county government. Walker has lived in Wheeler County for 26 years and will
SWOSU Music Academy Now Open for Spring 2026 Registration
Weatherford, OK – Enrollment is now open for the Spring 2026 term of the SWOSU Music Academy, a program that connects young musicians with quality instruction and performance opportunities. The 10-week term begins February 2 and ends
Five Injured in Two-Vehicle Crash at SH-152 and SH-58 in Caddo County
Caddo County, OK – A two vehicle collision was reported Friday night at the intersection of State Highway 152 and State Highway 58 in Caddo County, according to the Oklahoma Highway Patrol. The crash occurred at approximately
Santa’s Christmas Hero 2025 — Eddie & Tallina Brown
Santa’s Christmas Heroes, Eddie and Tallina Brown, make Christmas brighter for countless children every year. Together, they round up more than 50 new bicycles and tricycles annually to give to less fortunate kids, helping ensure those children experience the joy of Christmas morning.
Santa’s Christmas Hero 2025 — John & Monica Beecham
Santa’s Christmas Heroes, John and Monica Beecham, are always finding ways to give back to the community they love.
Santa’s Christmas Hero 2025 — Shelby Unruh
Santa’s Christmas Hero, Shelby Unruh Woods, truly embodies the joy and spirit of Santa through her constant service to others. She gives with such a caring and genuine heart that it inspires others to step in and help alongside her.
