TXOGA Statement: Rainy Day Fund at All-Time High, Thanks to Fracking

November 24, 2015 Comptroller Glenn Hegar today announced a $2.27 billion transfer into the State Highway and Rainy Day Funds. The following can be attributed to Todd Staples, president of the Texas Oil & Gas Association. “Thanks to fracking, an environmentally-sound well stimulation technique, Texas oil and natural gas production has skyrocketed and our state’s…

November 19, 2015 The state’s comptroller Glenn Hegar recently revised his estimate of revenue available to the state.  The comptroller is essentially the chief financial officer of the state. So, why does the revenue estimate matter to Texans? State revenue pays for infrastructure and services that touch the lives of every Texan including our schools,…

November 18, 2015 There’s no evidence of water-based contaminants seeping into drinking water wells atop a vast oil and gas field in northeastern Colorado, according to Colorado State University scientists working to protect and inform citizens about the safety of their water. Ken Carlson, professor of civil and environmental engineering, has led a series of…

November 18, 2015 In what the Yale University described as the the largest study of its kind, a Yale-led investigation “found no evidence that trace contamination of organic compounds in drinking water wells near the Marcellus Shale in northeastern Pennsylvania came from deep hydraulic fracturing shale horizons, underground storage tanks, well casing failures, or surface…

November 2, 2015 From North Texans for Natural Gas: The scientific consensus is that fracking does not pose a major risk of groundwater pollution. In fact, public data actually show that natural gas and fracking can help preserve precious water resources. Below is a list of major scientific studies and expert assessments that confirm fracking…

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