Study: Texas oil & gas industry paid $14 billion in taxes, royalties in 2018
https://www.chron.com/business/energy/article/Study-Texas-oil-gas-industry-paid-14-billion-13615603.php February 14, 2019
The oil and natural gas industry in Texas paid more than $14 billion in state and local taxes and state royalties in fiscal year 2018, a new report shows.
A study from the Texas Oil & Gas Association show that the figures marked a 27 percent increase from fiscal year 2017.
"Last year alone, the Texas oil and natural gas industry paid the equivalent of $38 million a day to fund our schools, roads, universities and first responders," TXOGA President Todd Staples said in a statement. "More tax and royalty revenue from the oil and natural gas industry means our and local taxes and state royalties in fiscal year 2018, a new report shows.
A study from the Texas Oil & Gas Association show that the figures marked a 27 percent increase from fiscal year 2017.
"Last year alone, the Texas oil and natural gas industry paid the equivalent of $38 million a day to fund our schools, roads, universities and first responders," TXOGA President Todd Staples said in a statement. "More tax and royalty revenue from the oil and natural gas industry means our lawmakers have more to work with to meet the needs of our growing state."...