{"id":6091,"date":"2022-01-11T11:20:00","date_gmt":"2022-01-11T17:20:00","guid":{"rendered":"https:\/\/steercomdev.wpenginepowered.com\/?p=6091"},"modified":"2022-01-11T11:20:00","modified_gmt":"2022-01-11T17:20:00","slug":"texas-oil-and-natural-gas-industry-paid-15-8-billion-in-taxes-and-state-royalties-in-fiscal-year-2021","status":"publish","type":"post","link":"https:\/\/txogamsn.txoga.org\/steer\/2022\/01\/11\/texas-oil-and-natural-gas-industry-paid-15-8-billion-in-taxes-and-state-royalties-in-fiscal-year-2021\/","title":{"rendered":"Texas Oil and Natural Gas Industry Paid $15.8 Billion in Taxes and State Royalties in Fiscal Year 2021"},"content":{"rendered":"\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Texas ISDs received $1.84 Billion, Counties received $640 Million in property taxes from oil and natural gas production, pipelines and gas utilities<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">January 11, 2022<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><a href=\"https:\/\/docs.txoga.org\/files\/3095-announcement-recording.mp3\" target=\"_blank\" rel=\"noreferrer noopener\">Listen to Todd Staples\u2019 Remarks<\/a><br><a href=\"https:\/\/youtu.be\/g7-t3IP9gEI\" target=\"_blank\" rel=\"noreferrer noopener\">Watch Todd Staples\u2019 Video Remarks<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">AUSTIN \u2013 According to&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.txoga.org\/2021eeir\/\" target=\"_blank\">just-released data<\/a>&nbsp;from the Texas Oil &amp; Gas Association (TXOGA), the Texas oil and natural gas industry paid $15.8 billion in state and local taxes and state royalties in fiscal year 2021, 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 rel=\"noreferrer noopener\" href=\"https:\/\/www.txoga.org\/2021eeir\/\" target=\"_blank\">Annual Energy &amp; Economic Impact Report<\/a>&nbsp;and to provide an update on the industry\u2019s environmental progress and economic and environmental threats posed by federal energy policy.<\/p>\n\n\n\n<div style=\"position: relative;padding-top: max(60%,326px);height: 0;width: 100%\"><\/div><br>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAs our nation continues its rebound from the lingering impact of the pandemic, this data confirms reliable, affordable energy, fuels and products made by the oil and natural gas industry are central to continued economic and environmental progress,\u201d said Staples.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$15.8 billion translates to well over $43 million every day. Both state royalties and production taxes increased by more than 20% in fiscal year 2021 and production taxes exceeded $5 billion for only the third time in history.<\/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, both locally in communities across Texas and through royalty and tax revenue that\u2019s paid into 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 2021, 98% 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. The PUF received $979 million and the PSF received $1.099 billion. The Rainy Day Fund received $1.134 billion from oil and natural gas production taxes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In FY 2021, Texas school districts received $1.84 billion in property taxes from mineral properties producing oil and natural gas, pipelines, and gas utilities. Counties received $640 million in these property taxes.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><a href=\"https:\/\/docs.txoga.org\/files\/3093-fiscal-2021-county-property-taxes.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Property tax totals for Texas counties<\/a><\/strong><br><strong><a href=\"https:\/\/docs.txoga.org\/files\/3098-fiscal-2021-isd-property-taxes.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Property tax totals for Texas ISDs<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Midland ISD in West Texas ranked #1 receiving $134.9 million from mineral properties producing oil and natural gas, pipelines, and gas utilities. Reeves County ranked #1 with $47.4 million paid in oil and natural gas property taxes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since 2007, when TXOGA first started compiling this data, the Texas oil and natural gas industry has paid more than $178.7 billion in state and local taxes and state royalties, a figure that does not include the hundreds of billions of dollars in payroll for some of the highest paying jobs in the state, taxes paid on office buildings and personal property, and the enormous economic ripple effect that benefits other sectors of the economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2021, the industry employed 422,122 Texans who on average earned $109,000 dollars each \u2013 almost double the average pay compared to other private sectors. And for every direct job in the industry, conservative estimates indicate that an additional 2.2 indirect jobs are created. In total, 1.37 million Texans\u2019 jobs ultimately derive from the Texas oil and natural gas industry.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition to its economic impact, Staples described the unmatched investments by the oil and natural gas industry that have positioned the United States as the global leader in energy and environmental progress. \u201cMethane emissions are down dramatically, even as oil and natural gas production increases. Flaring rates in Texas are at record lows and Texas-produced LNG is an environmental game-changer for nations around the world,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the Railroad Commission of Texas, the statewide flaring rate in Texas fell to a record low level of 0.2% in October. Texas has one of the lowest flaring rates of large oil and gas producing states in the country.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Staples noted, however, \u201cThis progress is under assault by federal policies designed deliberately to eliminate the oil and natural gas industry and all of the quality-of-life, environmental and economic benefits it provides. Our federal government is quite literally standing in the way of global environmental progress,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Staples noted that current federal policies that have canceled energy infrastructure projects and discourage federal oil and natural gas leasing permits directly undermine the domestic energy development that is driving this economy and propelling environmental progress here and abroad.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe cannot sacrifice energy freedom for energy dependence. Squandering our nation\u2019s energy might through misguided policy is a disservice to every American and a step in the wrong direction on the environment,\u201d he said. \u201cIf the world is truly serious about climate progress, we need to be producing and exporting more natural gas \u2013 not less \u2013 to provide other nations with lower emissions-intensive energy resources.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/txogamsn.txoga.org\/wp-content\/uploads\/sites\/2\/2022\/01\/chart1.png\"><img fetchpriority=\"high\" decoding=\"async\" width=\"773\" height=\"617\" src=\"https:\/\/txogamsn.txoga.org\/wp-content\/uploads\/sites\/2\/2022\/01\/chart1.png\" alt=\"\" class=\"wp-image-6093\" srcset=\"https:\/\/txogamsn.txoga.org\/steer\/wp-content\/uploads\/sites\/2\/2022\/01\/chart1.png 773w, https:\/\/txogamsn.txoga.org\/steer\/wp-content\/uploads\/sites\/2\/2022\/01\/chart1-300x239.png 300w, https:\/\/txogamsn.txoga.org\/steer\/wp-content\/uploads\/sites\/2\/2022\/01\/chart1-768x613.png 768w\" sizes=\"(max-width: 773px) 100vw, 773px\" \/><\/a><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em>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<p class=\"has-text-align-center wp-block-paragraph\"><strong>Texas ISDs received $1.84 Billion in property taxes from oil and natural gas production, pipelines and gas utilities<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><a href=\"https:\/\/txogamsn.txoga.org\/wp-content\/uploads\/sites\/2\/2022\/01\/Top-10-ISDs.png\"><img decoding=\"async\" width=\"494\" height=\"706\" src=\"https:\/\/txogamsn.txoga.org\/wp-content\/uploads\/sites\/2\/2022\/01\/Top-10-ISDs.png\" alt=\"\" class=\"wp-image-6094\" srcset=\"https:\/\/txogamsn.txoga.org\/steer\/wp-content\/uploads\/sites\/2\/2022\/01\/Top-10-ISDs.png 494w, https:\/\/txogamsn.txoga.org\/steer\/wp-content\/uploads\/sites\/2\/2022\/01\/Top-10-ISDs-210x300.png 210w\" sizes=\"(max-width: 494px) 100vw, 494px\" \/><\/a><\/figure><\/div>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Texas Counties received $640 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\">xxx<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><a href=\"https:\/\/txogamsn.txoga.org\/wp-content\/uploads\/sites\/2\/2022\/01\/Top-10-Counties-1.png\"><img decoding=\"async\" src=\"https:\/\/txogamsn.txoga.org\/wp-content\/uploads\/sites\/2\/2022\/01\/Top-10-Counties-1.png\" alt=\"\" class=\"wp-image-6095\" \/><\/a><\/figure><\/div>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">+++<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Texas ISDs received $1.84 Billion, Counties received $640 Million in property taxes from oil and natural gas production, pipelines and gas utilities January 11, 2022 Listen to Todd Staples\u2019 RemarksWatch Todd Staples\u2019 Video Remarks AUSTIN \u2013 According to&nbsp;just-released data&nbsp;from the Texas Oil &amp; Gas Association (TXOGA), the Texas oil and natural gas industry paid $15.8 [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":6093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"h5ap_radio_sources":[],"footnotes":""},"categories":[6,3],"tags":[296],"class_list":["post-6091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-news-releases","tag-news"],"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 $15.8 Billion in Taxes and State Royalties in Fiscal Year 2021 - 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\/2022\/01\/11\/texas-oil-and-natural-gas-industry-paid-15-8-billion-in-taxes-and-state-royalties-in-fiscal-year-2021\/\" \/>\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 $15.8 Billion in Taxes and State Royalties in Fiscal Year 2021 - South Texas Energy &amp; 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