Texas’ oil and natural gas industry paid $15.8 billion in state and local taxes and state royalties in Fiscal Year (FY) 2021, with school districts and counties in the Permian Basin and Eagle Ford Shale the top beneficiaries, according to the Texas Oil and Gas Association (TXOGA).

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“Despite an incredibly difficult two years, the Texas oil and natural gas industry continues to contribute tremendously to state and local tax coffers,” said TXOGA President Todd Staples citing estimates from the Texas Comptroller of Public Accounts. “This revenue from oil and natural gas production, pipelines, refineries and liquefied natural gas facilities translates to well over $43 million each and every day that pay for our schools, universities, roads, first responders and essential...