AUSTIN – Texas’ production of oil, natural gas, and natural gas liquids (NGLs) achieved new record highs for the month of September after achieving record highs just one month earlier in August, according to the Texas Oil & Gas Association’s (TXOGA) monthly energy economic analysis prepared by TXOGA Chief Economist Dean Foreman, Ph.D. Further, as crude and NGL production has climbed, in-state refiners have processed record amounts.
Author: Ethan Riojas
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2023 Annual Energy & Economic Impact Report
Texas Oil and Natural Gas Industry Pays History-Making $26.3 Billion in State and Local Taxes, State Royalties Texas Rewrites its Oil & Natural Gas Record Book: Highest-Ever Totals in Production, Exports, Refining Outcomes, Crude Oil Supply, Tax Revenue TXOGA President Staples: “American Energy Leadership Starts in Texas” TXOGA Annual Energy & Economic Impact Report Shows:
TXOGA’s 2022 Annual Energy & Economic Impact Report
Texas Oil and Natural Gas Industry Paid Record $24.7 Billion in Taxes and State Royalties in Fiscal Year 2022, Shattering Previous High by 54% Texas Independent School Districts received $1.65 billion, Counties received $608.6 million in property taxes from oil and natural gas production, pipelines and gas utilities AUSTIN – According to just-released data from
November: TXOGA Monthly Digest
Check out our Monthly Digest for November below to see how TXOGA was busy advocating for the Texas oil and natural gas industry
10th Annual STEER Eagle Ford Excellence Award Winners Announced
The South Texas Energy and Economic Roundtable (STEER), announced today that the Bee County Sheriff’s Department, Chesapeake Energy Corporation, ConocoPhillips, Transect Inc., the Port of Corpus Christi and DeepWell Energy Services are the recipients of the 2022 Eagle Ford Excellence Awards.
September: TXOGA Monthly Digest
Check out our Monthly Digest for September below to see how TXOGA was busy advocating for the Texas oil and natural gas industry
Job Growth Continued in Texas Upstream Oil and Natural Gas Sector in August
Data released by the Texas Workforce Commission indicates that upstream oil and natural gas employment grew in August by 2,600 jobs from July. July’s gains were revised down to a still-solid 3,100 jobs added.
Production Taxes Paid by Oil and Gas Industry Top $10 Billion in FY 2022 for First Time in History
AUSTIN — Texas Comptroller Glenn Hegar’s recently released tax collections data indicates production taxes paid by the oil and natural gas industry to the State of Texas broke $10 billion for the first time in history — an incredible $10.83 billion for FY 2022.
TXOGA Statement on State Energy Plan Report
“We appreciate the work and effort of the State Energy Plan Advisory Committee but the 7-5 vote demonstrates more deliberation and research are needed. The report failed to look at the energy needs for Texas broadly and seemed to be more narrowly focused on the failures of Winter Storm Uri.
TXOGA Statement on Railroad Commission Weatherization Rules
“Senate Bill 3, passed by the 87th Legislature, strengthened the electricity grid and the natural gas supply chain.
ICYMI: Texas oil and natural gas is “actively implementing measures to identify and lower emissions”
In a recent The Center Square article, TXOGA president Todd Staples emphasized the importance of recognizing the progress the Texas oil and natural gas industry is making in reducing emissions and improving environmental performance, especially in light of the federal government’s recent actions to aggressively develop new and burdensome regulations that would negatively impact the oil and natural gas that is produced in the Permian.
Job Growth Continued in Texas Upstream Oil and Natural Gas Sector in July
AUSTIN – Data released by the Texas Workforce Commission indicates that upstream oil and natural gas employment grew in July by 6,800 jobs from June, the second highest monthly increase in data history.* Last month’s record-breaking job growth has been revised upward to 7,200 jobs gained.
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.
July: TXOGA Monthly Digest
August 1, 2022 Check out our Monthly Digest for July below to see how TXOGA was busy advocating for the Texas oil and natural gas industry: MONTHLY DIGEST | JULY RECOMMENDED READING Texas oil producers have a message for Biden: Use American energy, don’t beg from Saudis Nationwide Poll Shows Nearly 70% of All Voters
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.
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
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.
June: TXOGA Monthly Digest
June 30, 2022 Check out our Monthly Digest for June below to see how TXOGA was busy advocating for the Texas oil and natural gas industry: MONTHLY DIGEST | JUNE RECOMMENDED READING TXOGA Statement on Passing of Texas Oil Giant Curtis Mewbourne STEER celebrates decade of progress IEA: 2023 world oil demand to surpass pre-pandemic
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
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.
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 rise.