Texas’ natural gas production tax generated $439.1 million in June, up 176% year/year and a new state record, the Texas Comptroller of Public Accounts reported last week.

The Lone Star State’s latest natural gas production tax take beats the previous record for the levy, set in May, by 6.3%.

Also hitting an all-time high was the state’s oil production tax, which generated $679 million in June – an 87% year/year increase.

[Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.]

“In addition to paying record-breaking tax revenue which funds our schools, roads, first responders and more, Texas’ oil and gas industry is our economy’s lifeblood supporting roughly one-third of our...