{"id":5969,"date":"2021-01-11T15:00:24","date_gmt":"2021-01-11T21:00:24","guid":{"rendered":"https:\/\/steercomdev.wpenginepowered.com\/?p=5969"},"modified":"2021-01-11T15:00:24","modified_gmt":"2021-01-11T21:00:24","slug":"texas-oil-and-natural-gas-industry-paid-13-9-billion-in-taxes-and-state-royalties-in-fiscal-year-2020","status":"publish","type":"post","link":"https:\/\/txogamsn.txoga.org\/steer\/2021\/01\/11\/texas-oil-and-natural-gas-industry-paid-13-9-billion-in-taxes-and-state-royalties-in-fiscal-year-2020\/","title":{"rendered":"Texas Oil and Natural Gas Industry Paid $13.9 Billion in Taxes and State Royalties in Fiscal Year 2020"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">January 11, 2021<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Texas ISDs received $2+ Billion, Counties received $688 Million in property taxes from oil and natural gas production, pipelines and gas utilities<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>TXOGA President Todd Staples Outlines \u201cRoadmap to Recovery\u201d as Legislature Convenes<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><a href=\"https:\/\/youtu.be\/5yqujeudyWk\" target=\"_blank\" rel=\"noreferrer noopener\"><u>Click here to view the video of TXOGA President Todd Staples\u2019 presentation<\/u><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">AUSTIN \u2013 According to just-released data from the Texas Oil &amp; Gas Association (TXOGA), the Texas oil and natural gas industry paid $13.9 billion in state and local taxes and state royalties in fiscal year 2020, funds that directly support Texas schools, teachers, roads, infrastructure and essential services. TXOGA President Todd Staples hosted a media briefing today to share the Association\u2019s&nbsp;<a href=\"http:\/\/docs.txoga.org\/files\/2352-1-11-21-txoga-economic-impact-report-2020.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Annual Energy &amp; Economic Impact Report<\/a>&nbsp;and outline a policy Roadmap to Recovery ahead of the 87th Texas Legislature that convenes tomorrow.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cEven in an extremely difficult year, the Texas oil and natural gas industry continues to contribute tremendously to state and local tax coffers, while fortifying our energy security and leading the way in innovation and investment that is advancing environmental progress,\u201d said Staples.&nbsp; \u201cThe ongoing recovery of the oil and natural gas industry is essential to the state\u2019s continuing economic improvement.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Staples noted that the pandemic reinforced the fact that oil and natural gas are essential and irreplaceable.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWhile oil prices plummeted in the wake of the pandemic, the need for products made from oil and natural gas skyrocketed. &nbsp;Nearly every in-demand product we need to be safe, to save lives and to power our economy \u2013 from face shields and hand sanitizers to high-speed internet connections and computers \u2013 is made possible by oil and natural gas,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Staples detailed how oil and natural gas tax and royalty revenue is used to support education, transportation, healthcare and infrastructure through the Economic Stabilization Fund (commonly known as the Rainy Day Fund), the Permanent School Fund (PSF) and the Permanent University Fund (PUF) \u2013 all of which are funded almost exclusively with taxes and state royalties paid by the oil and natural gas industry.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2020, 99% of the state\u2019s oil and natural gas royalties were deposited into the Permanent School Fund and the Permanent University Fund, which support Texas public education. &nbsp;The PUF received $771 million and the PSF received $942 million.&nbsp; The Rainy Day Fund received $1.657 billion from oil and natural gas taxes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2020, Texas school districts received more than $2 billion in property taxes from mineral properties producing oil and natural gas, pipelines, and gas utilities.&nbsp; Counties received $688.4 million in these property taxes.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><a href=\"http:\/\/link.mediaoutreach.meltwater.com\/ls\/click?upn=FGoFEXr5CP5mDbLHDDPChmkfzhwkCgBLEVj1sgkhqKMUfRH1udOpg67JD2g6kSwca-2F3CFs9Ub7q06Y7CsSqhM4wbyoogwMCjj5A79ZXuXFM-3DNJTG_UUD-2Fns-2BnjJQ36V-2Bkq2K5xuMvvEfX1qG17YLScaa6Gvw4RCutzKmREBcnbxLuS5tCGgvrRymEusIh1nwdJyE2h5c8qcfkVvkR2mTbpeZSHTC1tw2V7igeifdHzg9-2BeXTgoMspB0HKB3DDjnzXfqgUR9QWXe58dst94mrMA0O9UOUI8hv0nunC5sPbS-2F0tpTP5-2FyfgdQkzIMiZYDt2flheaKidxfLkw-2FH6vGS7U4zTglCpAx4QfU1rS-2FtT96ifWs-2BFfv936-2FY3Mlztz3Dg1Z8GqzMEakEDNokCSCKzrtOjDsaXc2XXYZmGzHKv7miFDMnyl2UF-2BuNXMpGsherIS8APgSJq-2BLv-2BXHLfnWCK5BlVPNy-2BNJtr-2BlHNzbu2gBdZPwaKcL-2FafTFiC5MD-2Bd3kMc6ngw-3D-3D\" target=\"_blank\" rel=\"noreferrer noopener\">Property tax totals for each county<\/a><br><a href=\"http:\/\/link.mediaoutreach.meltwater.com\/ls\/click?upn=FGoFEXr5CP5mDbLHDDPChmkfzhwkCgBLEVj1sgkhqKMnWKYQmsJTo5SPv-2B4d6Z4YdzcLNr9dtUGDcqhgjZBXu8dpfNykVwncpR0-2ByOy8lgI-3DsX6T_UUD-2Fns-2BnjJQ36V-2Bkq2K5xuMvvEfX1qG17YLScaa6Gvw4RCutzKmREBcnbxLuS5tCGgvrRymEusIh1nwdJyE2h5c8qcfkVvkR2mTbpeZSHTC1tw2V7igeifdHzg9-2BeXTgoMspB0HKB3DDjnzXfqgUR9QWXe58dst94mrMA0O9UOUI8hv0nunC5sPbS-2F0tpTP5-2FyfgdQkzIMiZYDt2flheaKIA-2F63ivlBSo2fwR45JL1WCdC46SXUJ7GZ-2Fd1L0ADNFJrUmr3ToiMm9GOCYP054-2FN0p8ecJ-2BFzZ8IbZIy3x2-2BbdLD16-2B0HenqTnMiv-2ByoL6vXkfOFD7FfWCdLnC60Vt8ugvfAyHcOHZ5ORwyA-2B58-2BY0zCVnupP4En6AKlsASPvWrSRZW4r4B04dooLOxdHSDA-3D-3D\" target=\"_blank\" rel=\"noreferrer noopener\">Property tax totals for each ISD<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some counties and ISDs saw dramatic increases in oil and natural gas property tax revenue in 2020.&nbsp; Pecos-Barstow-Toyah ISD in West Texas ranked #1 receiving $167.6 million from mineral properties producing oil and natural gas, pipelines, and gas utilities \u2013 an increase of 53% from fiscal year 2019.&nbsp; Reeves County ranked #1 with $74.5 million paid in oil and natural gas property taxes \u2013 an 80% increase from last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition to its economic impact, Staples noted that the oil and natural gas industry has taken the lead in developing environmental solutions that are working to reduce emissions and flaring.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe oil and natural gas industry is the nation\u2019s leading investor in emission-reducing technologies and as a result, Americans are breathing the cleanest air in decades, the U.S. leads the world in reducing energy-related carbon dioxide emissions and methane emissions from oil and natural gas systems are down 23% since 1990,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to data from Railroad Commission of Texas, the percentage of natural gas flared out of all the natural gas produced in Texas decreased 80% between June 2019 and May 2020. The Commission announced that less than one half of one percent of the natural gas produced in Texas was flared or vented, as of May 2020. 99.5% of natural gas produced went to beneficial use.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAll this, while the United States enjoys more energy security than ever before and American-made energy is powering economic prosperity and environmental improvements around the world,\u201d said Staples. \u201cThis progress \u2013 and ways to build on it \u2013 must be part of more rational discussions about the future of our energy, the environment and the economy.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In closing, Staples detailed a three-part policy Roadmap to Recovery \u201cto drive greater investment in all aspects of the oil and natural gas industry that will power Texas\u2019 economic recovery and provide critical state and local tax revenue every Texan needs.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">First, TXOGA is urging lawmakers to ensure continued, responsible development of the essential energy infrastructure that is needed to meet the demands of our booming population. \u201cEvery Texan relies on electric transmission lines, roads, high-speed internet, drainage and flood control and pipelines for water, oil, natural gas and transportation fuels, and the expansion of this infrastructure is essential to the state\u2019s continued growth and success,\u201d Staples said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Staples said the Legislature should also embrace smart tax policy such as renewing the economic development program known as Chapter 313, which attracts investments and jobs to Texas, and resisting calls to increase severance taxes on an industry that pays 6.3 times more in taxes on a per job basis than the average of the rest of the private sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finally, TXOGA is urging lawmakers to maintain their commitment to science-based policy and rational discussions related to environmental issues, with the leading oil and natural gas innovators at the table.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cSmart policies will encourage investment in and innovation by the oil and natural gas industry and will power us toward the cleaner, stronger, and better future every Texan deserves,\u201d he said.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">+++<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.txoga.org\/wp-content\/uploads\/2021\/01\/13.9-chart.png\" alt=\"\" class=\"wp-image-8683\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><em>&nbsp;In the charts below, \u201cOil &amp; Natural Gas\u201d means mineral properties producing oil and natural gas, pipelines, and gas utilities.&nbsp; It does not include refineries, petrochemicals or other properties.<\/em><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.txoga.org\/wp-content\/uploads\/2021\/01\/Top10county.png\" alt=\"\" class=\"wp-image-8685\" \/><\/figure><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.txoga.org\/wp-content\/uploads\/2021\/01\/top10isd.png\" alt=\"\" class=\"wp-image-8684\" \/><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>January 11, 2021 Texas ISDs received $2+ Billion, Counties received $688 Million in property taxes from oil and natural gas production, pipelines and gas utilities TXOGA President Todd Staples Outlines \u201cRoadmap to Recovery\u201d as Legislature Convenes Click here to view the video of TXOGA President Todd Staples\u2019 presentation AUSTIN \u2013 According to just-released data from [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"h5ap_radio_sources":[],"footnotes":""},"categories":[6,3],"tags":[295,298],"class_list":["post-5969","post","type-post","status-publish","format-standard","hentry","category-blog","category-news-releases","tag-blog","tag-news-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Texas Oil and Natural Gas Industry Paid $13.9 Billion in Taxes and State Royalties in Fiscal Year 2020 - South Texas Energy &amp; Economic Roundtable<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/txogamsn.txoga.org\/steer\/2021\/01\/11\/texas-oil-and-natural-gas-industry-paid-13-9-billion-in-taxes-and-state-royalties-in-fiscal-year-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Texas Oil and Natural Gas Industry Paid $13.9 Billion in Taxes and State Royalties in Fiscal Year 2020 - South Texas Energy &amp; Economic Roundtable\" \/>\n<meta property=\"og:description\" content=\"January 11, 2021 Texas ISDs received $2+ Billion, Counties received $688 Million in property taxes from oil and natural gas production, pipelines and gas utilities TXOGA President Todd Staples Outlines \u201cRoadmap to Recovery\u201d as Legislature Convenes Click here to view the video of TXOGA President Todd Staples\u2019 presentation AUSTIN \u2013 According to just-released data from [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/txogamsn.txoga.org\/steer\/2021\/01\/11\/texas-oil-and-natural-gas-industry-paid-13-9-billion-in-taxes-and-state-royalties-in-fiscal-year-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"South Texas Energy &amp; 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