Benefits of Oil & Natural Gas

No matter where you live in Texas, the oil and natural gas industry benefits you. The industry anchors our economy by creating high-paying jobs and by generating revenues unmatched by other industries in Texas.

In FY 2019, the Texas oil and natural gas industry paid more than $16 billion in state and local taxes and state royalties. This is the equivalent of $44 million each day that directly funds our schools, universities, roads and first responders. The total from 2007 – 2019 is over $149 billion.

It doesn’t stop there. The oil and natural gas industry is central to our lives, producing products and materials that we use every day like plastics, medicines, computers, life-saving devices and much more.