IPFS News Link • Oil
Texas Sets New Record for Oil Production
• arcleinThe oil and gas independent producers drive the energy economy directly benefiting Texas and its residents. Between 2010 - 2018, total state taxes and state royalty payments paid by the oil and gas industry in Texas exceeded $100 billion. These funds have continued to support all aspects of the state economy, including schools and education, infrastructure investment, water conservation programs and first responders, to name a few. Additionally, Texas is home to approximately 2.5 million mineral owners, of the 12.5 million mineral owners in the U.S., with oil and gas royalties ge