Oil and Natural Gas Production Taxes Top $1 Billion in September

Oil and Natural Gas Production Taxes Up 41 and 91%, respectively, over last September AUSTIN – Texas Comptroller Glen Hegar’s recently released tax collections data reveals oil and natural gas producers paid more than $1 billion in production taxes in September. According to the Comptroller’s data, in September, Texas oil producers paid $552 million in production taxes,…

Annual Oil and Gas Tax Collections 88% Higher than Previous Record in 2014 September 2, 2022 AUSTIN — Texas Comptroller Glenn Hegar’s recently released tax collections data indicates production taxes paid by the oil and natural gas industry to the State of Texas broke $10 billion for the first time in history — an incredible…

Upstream Employment Tops 200,000 for First Time Since March 2020 August 19, 2022 AUSTIN – Data released by the Texas Workforce Commission indicates that upstream oil and natural gas employment grew in July by 6,800 jobs from June, the second highest monthly increase in data history.* Last month’s record-breaking job growth has been revised upward…

Texas Comptroller Glen Hegar’s recently released tax collections data indicates Texas oil and natural gas producers continue to pay record amounts in production taxes to the State of Texas, reaching all-time highs in July. According to the Comptroller’s data, in July, Texas oil producers paid $694 million in production taxes to the state, the highest monthly…

AUSTIN – Data released by the Texas Workforce Commission indicates that upstream oil and natural gas employment grew in June by 6,100 jobs from May, the highest monthly increase in data history, * surpassing the previous record growth of 5,600 jobs set in June of 2011. “The Texas oil and natural gas industry continues to…

AUSTIN – Todd Staples, president of the Texas Oil & Gas Association, issued the following statement regarding Comptroller Hegar’s announcement that he revised the Certification Revenue Estimate upward, increasing his November estimate of General Revenue-related funds available for certification by $13.75 billion: “Comptroller Hegar’s increased revenue forecast means good news for Texans, and the oil…

AUSTIN – Texas Comptroller Glen Hegar’s recently released tax collections data reveals that Texas oil and natural gas producers continue to pay record amounts in production taxes to the State of Texas, reaching new highs in June. According to the Comptroller’s data, in June, Texas oil producers paid $679 million, the highest monthly collection on…

Ahead of the President’s travel to the Middle East next month, the Texas Oil and Gas Association today joined with 27 energy associations to urge President Biden and his Cabinet to visit America’s major energy facilities – from production to distribution to refining to innovation hubs – as geopolitical volatility and energy costs continue to…

As the world weans itself off of Russian oil and natural gas, countries are turning to America for energy leadership, and Texas is positioned to deliver. The EIA predicts energy demand will increase by 50% from now to 2050. The reality is we need more energy not less, so we need increased production in response…

June 2, 2022 Texas Comptroller Glenn Hegar’s recently released tax collections data reveals that Texas oil and natural gas producers are paying record amounts in production taxes to the State of Texas. According to the Comptroller’s data, in April, Texas oil producers paid a record $666 million to the state in oil production taxes, the…

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