Texas’ natural gas production tax garnered $413 million for the state in May, representing a 216% year/year increase and an all-time high for the levy, the Texas Comptroller of Public Accounts said Wednesday.


The state took in $595 million from its oil production tax in May, up 64% year/year, the Texas Comptroller’s office added.

Much of Texas’ production comes from the Permian Basin, which is expected to account for about half of U.S. output next year, as well as the gassy Haynesville Shale.

“Tax revenue generated by robust oil and natural gas activity across Texas continues to be a game-changer for Texans, providing billions of dollars in funding for our state’s public schools and universities, roads, first responders and essential services,” said Texas Oil and...