Oil and natural gas tax contributions also remained high in August, according to Texas Independent Producers and Royalty Owners Association. According to data from the Texas comptroller’s office, in August Texas energy producers paid $445 million in oil production taxes, a six-month high. Producers also paid $194 million to the state in August in natural gas production taxes, up 143 percent from August 2024.
Revenue that is provided from oil and gas production taxes offers funding to support public services and state programs, including Texas’ public schools and universities, roads, first responders and other services.
TIPRO reported additional data confirming record high crude oil and natural gas production this summer. U.S. crude oil production in June jumped 133,000 barrels per day to 13.58 million b/d, according to data from U.S. Energy Information Administration. This compares with production a year ago of 13.25 million b/d.
EIA’s data also showed crude production in top-producing state Texas increased 11,000 bpd in June to 5.72 million bpd. Gross natural gas production in the U.S. lower 48 states hit a record 120.7 billion cubic feet per day in June, up from 120.2 Bcfd in May. In Texas, monthly natural gas output in June rose by 0.7 percent to 36.8 Bcfd.
Ed Longanecker, president of TIPRO, said Sept. 22, “The Texas oil and natural gas industry remains vital for job creation, innovation and energy security, with 2025 employment trends driven by a variety of dynamic factors. Federal policies, including faster permitting and expanded LNG export approvals, along with transformative investment in AI-driven data centers, will support increased export activity, creating high paying jobs in midstream, gas-fired generation and export infrastructure.”
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