Production Taxes Paid by Texas Oil and Natural Gas Producers Break Records Again in July

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…

Todd Staples, president of the Texas Oil & Gas Association, issued the following statement regarding a study released by the UT Bureau of Economic Geology/TexNet on seismic activity in the Delaware Basin and its link to oil and gas operations: “Many oil and natural gas operators in Texas were involved in the research that informed…

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…

Los datos de la recaudación tributaria al gobierno estatal publicados recientemente por el Contralor Estatal de Texas Glenn Hegar han dado a conocer que los productores de petróleo y gas natural de Texas han aportado cantidades a nivel récord en impuestos sobre la producción. Según la información publicada por la Contraloría, en el mes de…

May 20, 2022 Data released by the Texas Workforce Commission shows 5,200 upstream oil and natural gas jobs were added in April, the highest monthly growth in nearly 11 years. “Despite continued policy setbacks and supply bottleneck challenges, oil and natural gas companies are moving forward to meet demand here at home and abroad,” said…

April 18, 2022 AUSTIN – Data released by the Texas Workforce Commission shows oil and natural gas upstream jobs grew by 4,300 in March, showing increasing strength in upstream oil and natural gas employment in the state. “The Texas oil and natural gas industry has proven resilient over the years and continued job growth in…

March 25, 2022 AUSTIN – Data released by the Texas Workforce Commission shows increasing strength in upstream oil and natural gas employment in the state. In February 2022, Texas upstream jobs grew by 5,100, the highest spike in over a decade* and the second highest jump in at least 32 years. “A year ago, many…

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