Search results
Results from the WOW.Com Content Network
Texas producers also paid $436 million in oil production taxes and $182 million in natural gas production taxes in October, according to the Texas Comptroller’s Office.
Jun. 7—AUSTIN — Statewide and county crude oil and natural gas production as reported to the Railroad Commission of Texas for March 2024 came from 163,674 oil wells and 84,739 gas wells, a ...
— Oil production hit a record 1.92 billion barrels in 2023, which was 51 million barrels more than the previous record. — Operators produced 12.01 ... Texas oil and gas production records ...
From 1995 to 2004, more than $2.75 billion was spent in Texas for film and television production. The Texas Film Commission was founded for free services to filmmakers, from location research to traveling. [43] Also many Hollywood studios are relocating parts of their production divisions to the Austin, Houston, and Dallas areas. [43]
In 1919, tax revenue from oil production surpassed $1 million ($17.6 million in today's terms) and in 1929 it reached $6 million ($106 million in today's terms). [34] [95] By 1940, the oil and gas industry accounted for approximately half of all taxes paid in the state. [55]
Federal fuel taxes raised $36.4 billion in Fiscal Year 2016, with $26.1 billion raised from gasoline taxes and $10.3 billion raised from diesel and special motor fuel taxes. [16] The tax was last raised in 1993 and is not indexed to inflation. Total inflation from 1993 until 2017 was 68 percent or up to 77 percent, depending on the source. [17 ...
By TXOGA's estimates for May 2024, Texas produced a record-high 5.7 mb/d of crude oil, plus 32.5 billion cubic feet per day (bcf/d) of natural gas marketed production and 3.5 mb/d of NGLs.
Texas is the largest state producer of both crude oil and natural gas, producing 41% of national crude oil production and 25% of national natural gas in 2019. The thirty oil refineries operating in January 2019 comprised 31% of national refining capacity. [1]