Gas royalty owners are worked up about Sheffield Nelson’s proposal to raise the gas severance tax. The letter I have on the jump fires back sharply at Nelson. He undoubtedly expected to receive such as this, given his history in the gas business. But turnabout is fair play.

That said, the royalty owners ARE reaping a windfall and it IS an exaggerated windfall because of the criminally low severance tax in Arkansas.

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