I'd( question the wisdom of making too many drastic changes too soon to the oil tax and credit system. That being said, the large negative cash outflow is not a good thing for the state at this price scenario either. So it's a tough call, and the state should be careful as to try not to harm future production, and industry  business activity that would further reduce employment levels.

Reflecting back just 2 or 3 short years ago, during the ACES/SB21 debates,  oil credits were once touted by the same people and legislators who are now decrying them(like Gara & Weilechowski). They used to say how the (billion dollar!) ACES credits programs incentivized investments and exploration especially by new players.... so much so that even this Donkel fellow was for the repeal. So its an interesting flip flop for many voices.

I cautiously support the proposed legislation...I think.