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Commentary: Shield school funds from oil swings


Commentary: Shield school funds from oil swings
Margaret Spellings and Brett Perlman, For the Express-News
April 6, 2021
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What happens to public education funding if the oil and natural gas industry craters? Texas can future-proof by diversifying school funding and updating market projections.Spencer Platt /Getty Images
Many San Antonio educators and parents may not realize the connection between world oil prices and local education funding, but new research shows clearly that billions of dollars that K-12 schools rely on to educate students could be at risk if world oil prices decline.
In 2019, oil and gas exploration and production activity generated $13.4 billion in public finances in Texas about $6 billion for public K-12 school funding, or 20 percent of the $32 billion annual expenditure. The money comes from local property taxes, state severance taxes paid by energy companies, royalties generated from oil and gas production on s ....

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Calhoun Port Authority Announces Max Midstream Exclusive Bunkering Rights Agreement


Calhoun Port Authority Announces Max Midstream Exclusive Bunkering Rights Agreement
Max Midstream previously announced plans to connect pipeline from Permian and Eagle Ford Basins to the Port of Calhoun
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HOUSTON, March 11, 2021 /PRNewswire/  Texas-based energy company, Max Midstream, today was selected by the Calhoun Port Authority for an exclusive bunkering rights agreement at the port.  The agreement takes effect immediately and will last for the next 50 years.
We are honored the Calhoun Port Authority has chosen Max Midstream to provide bunkering services at the port, said Todd Edwards, President and CEO of Max Midstream.  Now, not only will Max be able to connect the Permian and Eagle Ford Basins to the Port of Calhoun, but we will also be able to service ships entering the port and provide fueling support.  This gets us one step closer to offering a comprehensive package of services from tr ....

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