Texas Oil and Natural Gas Industry Paid $13.8 Billion in Taxes and Royalties in 2015, Second Most in Texas History

2-2-2016

February 2, 2016

Staples: ‘Falling price of oil reminds us that this state and local revenue isn’t guaranteed’

Texas’ commitment to free market principles and science-based, predictable regulations will help keep industry on track

AUSTIN – According to just-released data from the Texas Oil & Gas Association (TXOGA), the Texas oil and natural gas industry paid $13.8 billion in state and local taxes and state royalties in fiscal year 2015,…

Read full article

Oil boom royalties extend Texas Scottish Rite Hospital’s mission – DMN

1-18-2016

January 18, 2016

A gift from the past is giving Texas Scottish Rite Hospital for Children a boost for the future.

With the oil boom, the hospital has received roughly $500 million in oil and gas royalties over the past four years, most of it related to a West Texas ranch donated to the organization in the 1960s.

Those royalties helped the not-for-profit hospital nearly double the value of its own investments — the institution’s endowment — to about $2 billion over the same time span….

Read full article