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Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

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Texas receives $1 billion in September from oil, gas production taxes

October 13, 2022 by PBOG

State of Texas received at least $1 billion in production taxes from oil and gas in September (based on August sales) for the sixth consecutive month.  Glenn Hegar, comptroller, said Oct. 3 Texas received $552 million from oil production tax (up 41 percent from September 2021) and $480 million from natural gas production tax (up 91 percent from September 2021) for a total of $1.032 billion.  The total revenue first topped $1 billion in April ($1.004 billion).

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