DALLAS – A “meeting of the best minds” is needed to ensure Oklahoma’s financial incentives for energy production are fair and effective, said the chairman of a legislative committee created to examine state tax credits.

The state is losing more than $200 million a year from the tax incentive that exempts horizontally drilled oil and gas wells from the state’s 7% production tax for four years, said Rep. David Dank, R-Oklahoma City.

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