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

11-24-2015

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 Rainy Day Fund, comprised almost exclusively of oil and natural gas severance taxes,…

Read full article

Staples: A Well-Regulated Energy Sector Keeps Texas Safe, Fuels Economy

11-19-2015

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, our roads, Medicaid, child protective services, funding for first responders,…

Read full article

Study: No water-based contaminants found in Colorado wells

11-18-2015

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 studies analyzing the impact of oil and gas drilling on groundwater in the 6,700-square-mile Denver-Julesburg Basin,…

Read full article