TXOGA Sets New Record in Highest Taxes and State Royalties Paid

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TXOGA Sets New Record in Highest Taxes and State Royalties Paid

This just in: According to a press release issued by The Texas Oil & Gas Association, the Texas Oil and Natural Gas Industry set a new record just by paying their state and local taxes and state royalties last year!

Wait, How Much Was Paid?

According to the 2019 Annual Energy & Economic Impact Report on TXOGA’s website, the Texas Oil & Gas Industry paid $16.3 billion in taxes and state royalties for 2019. That amount is reported to be the most paid in history! Here's a breakdown of the taxes paid by the Texas Oil & Gas Industry:

Numbers from 2019 Annual Energy & Economic Impact Report

Top 5 Permian Basin ISDs for Oil and Gas Property Taxes (FY 2019)
“Oil & gas” means mineral properties producing oil and gas, pipelines, and gas utilities. It does not include refineries, petrochemicals, or other properties.
1. Pecos-Barstow-Toyah ISD $109.2 million 75.6% of tax base
2. Midland ISD $68.2 million 25.2% of tax base
3. Wink-Loving ISD $50.0 million 85.3% of tax base
4. Rankin ISD $36.7 million 87.2% of tax base
5. Andrews ISD $36.2 million 69.7% of tax base


TOP 5 PERMIAN BASIN COUNTIES FOR OIL & GAS PROPERTY TAXES (FY 2019) “Oil & gas” means mineral properties producing oil and gas. It does not include pipelines, refineries, or other properties.
1. Reeves County $41.6 million 70.4% of tax base
2. Andrews County $14.6 million 66.7% of tax base
3. Ward County $12.3 million 55.6% of tax base
4. Upton County $12.0 million 76.1% of tax base
5. Loving County $11.2 million 75.6% of tax base


TOP 10 ISDS FOR OIL & GAS PROPERTY TAXES (STATEWIDE, FY 2019) 1. Pecos-Barstow-Toyah ISD $109.2 million 75.6% of tax base
2. United ISD $68.6 million 32.3% of tax base
3. Midland ISD $68.2 million 25.2% of tax base
4. Carrizo Springs CISD $53.0 million 85.4% of tax base
5. Wink-Loving ISD $50.0 million 85.3% of tax base
6. Cotulla ISD $50.0 million 77.9% of tax base
7. Karnes City ISD $45.3 million 86.3% of tax base
8. Rankin ISD $36.7 million 87.2% of tax base
9. Andrews ISD $36.2 million 69.7% of tax base
10. Reagan County ISD $28.8 million 71.3% of tax base


TOP 10 COUNTIES FOR OIL & GAS PROPERTY TAXES (STATEWIDE, FY 2019) 1. Reeves County $41.6 million 70.4% of tax base
2. Webb County $21.4 million 24.3% of tax base
3. LaSalle County $16.9 million 68.4% of tax base
4. Andrews County $14.6 million 66.7% of tax base
5. Dimmit County $13.6 million 77.4% of tax base
6. Ward County $12.3 million 55.6% of tax base
7. Upton County $12.0 million 76.1% of tax base
8. Loving County $11.2 million 75.6% of tax base
9. Karnes County $11.0 million 72.9% of tax base
10. McMullen County $10.2 million 70.7% of tax base

Why This Matters

Whether you live near the oil patch or not, this is money that benefits every Texan, according to TXOGA President Todd Staples. “Oil and natural gas does more than fuel our cars, power our homes and businesses, form the building blocks of our everyday goods and secure our nation. Taxes paid by the oil and natural gas industry support teachers and schools, build roads, boost essential and emergency services, improve healthcare facilities and bolster our state’s infrastructure,” said Staples. In 2019 alone, the Texas oil and natural gas industry:

• Supported more than 428,000 direct jobs
• Paid more than $16 billion in state and local taxes and state royalties which funded schools, roads, and first responders

Staples also detailed how oil and natural gas tax and royalty revenue is used to support education, transportation, healthcare and infrastructure through the State Highway Fund, the Economic Stabilization Fund (commonly known as the Rainy Day Fund), the Permanent School Fund and the Permanent University Fund. Check out the 2019 Annual Energy & Economic Impact Report to see all of the ways Texas communities, families, businesses, and schools are benefiting from record-breaking oil and gas activity.

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