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(The Center Square) – The Texas oil and natural gas industry broke records all around in fiscal 2023. It smashed all previous records it broke in 2022 in all categories,
The industry paid the highest total of state and local taxes and state royalties last year in all of Texas history, breaking last year’s record by more than $1.5 billion. The taxes translate to $72 million daily for schools, roads, first responders and more.
A report from the Texas Oil and Gas Association shows that the state’s energy industry is showing no signs of waning, boasting record levels of crude oil production as the federal government introduced further environmental regulations that industry leaders said are designed to hinder production.[San Marcos, TX] [Hays County news] News San Marcos News, San Marcos Record [Texas
(The Center Square) – The Texas oil and natural gas industry paid a record $26.3 billion in state and local taxes and state royalties in fiscal 2023, the highest in
Crude oil and natural gas extraction in Texas reached record levels in 2023, according to the industry’s annual report.