Yee-Haw! Texas Schools, Counties See 20% Increase in Oil & Gas Royalties, Tax Revenue

SUGAR LAND--January 14, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--In a sign that the industry is seeing better days, Texas oil and natural gas producers paid $15.8 billion in state and local taxes and state royalties in fiscal year 2021, up by 20% from the previous year, the Texas Oil & Gas Association said this week.