Tag: news

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

CONTINUE READING Production Taxes Paid by Texas Oil and Natural Gas Producers Break Records Again in July 1 min read

Record-Breaking Job Growth in Texas Upstream Oil and Natural Gas Sector in June

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

CONTINUE READING Record-Breaking Job Growth in Texas Upstream Oil and Natural Gas Sector in June 1 min read

TXOGA Statement on Comptroller Hegar’s Increased Revenue Forecast

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

CONTINUE READING TXOGA Statement on Comptroller Hegar’s Increased Revenue Forecast 2 min read

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

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

CONTINUE READING Production Taxes Paid by Texas Oil and Natural Gas Producers Break Records Again in June 1 min read

TXOGA Statement on UT Bureau of Economic Geology/TexNet Study

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

CONTINUE READING TXOGA Statement on UT Bureau of Economic Geology/TexNet Study 1 min read
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TXOGA Statement on Passing of Texas Oil Giant Curtis Mewbourne

Texas and America lost a giant with the passing of Curtis Mewbourne, founder of Mewbourne Oil Company, which started as a small independent oil company and grew into one of the largest privately owned oil and gas companies in the country. Mr. Mewbourne’s leadership in the oil and natural gas industry is legendary. In fact,

CONTINUE READING TXOGA Statement on Passing of Texas Oil Giant Curtis Mewbourne 1 min read

U.S. Energy Industry Invites President Biden to Visit American Energy Sites Ahead of Planned Trip to Saudi Arabia

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

CONTINUE READING U.S. Energy Industry Invites President Biden to Visit American Energy Sites Ahead of Planned Trip to Saudi Arabia 2 min read
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TXOGA on Pres. Biden Letter to Industry: Long Term Investment by Industry Requires Long Term Support

Texas Oil & Gas Association President Todd Staples issued the following statement in response to President Biden’s letter to companies in the Texas oil and natural gas industry: “It is encouraging the Administration now seems to be embracing oil and natural gas as the essential products they are and seeking input from the industry on

CONTINUE READING TXOGA on Pres. Biden Letter to Industry: Long Term Investment by Industry Requires Long Term Support 1 min read

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