WebTTC Sections 171.1011(r) and (s) allow an exclusion from total revenue for revenue received from oil or gas produced by a low-producing well (described in the next FAQ) during the Comptroller-certified dates when the monthly average closing price of West Texas Intermediate crude oil is below $40 per barrel or the average closing price of gas is ... WebJan 14, 2024 · Texas ISDs last year received more than $2 billion in property taxes from mineral properties producing oil and natural gas, pipelines and gas utilities. Counties also received $688.4 million in...
West Texas oil builds revenue for A&M and UT - Houston Chronicle
WebThe first purchaser of crude oil in Texas must pay tax based on crude oil’s market value. Rates Oil production tax: 4.6 percent (.046) of market value of oil For report periods September 2015 and later, the taxable barrels are subject to the Oil Field Clean-Up Fee of $0.00625 (5/8 of a cent) per barrel WebJun 7, 2024 · In fiscal 2024, which ended Aug. 31, oil production tax revenue totaled $3.45 billion, the second highest in Texas history. The industry paid the greatest amount of taxes in fiscal 2024 of $3.89 billion. Now, the … itv live tv schedule
120122-Oil and Gas Tax Revenue - rrc.texas.gov
WebJan 9, 2024 · Storm Uri impact on Texas' oil and gas industry February 2024; ... Leading publicly traded companies in Texas in 2024, ranked by revenue (in billion U.S. dollars) [Graph], Fortune, June 2, 2024 ... WebToday, that land – encompassing 2.1 million acres – is leased to oil and gas companies whose wells generate revenue that flows into the PUF. Land also is leased for grazing, … WebAug 25, 2024 · Ninety-nine years ago this week, the University of Texas System received a check for $516.63.It was a royalty payment – the first dividend from the famous Santa Rita #1, an oil well that drilled on university-owned lands in West Texas.. Almost a century later, Santa Rita has been decommissioned for some time, but revenue from the UT System’s … itv live tv world cup