Texans Stress Oil, Gas Industry Importance to State at Major Gathering

Texans working in the oil and gas industry have gathered at the Texas Energy Day @ the Capitol to highlight the importance of the industry to the state. The gathering in Austin enabled participants to directly communicate with legislators and state lawmakers.

Texas Oil and Gas Association (TXOGA) noted in its statement that in fiscal year 2022, the Texas oil and natural gas industry paid more than $24.7 billion in state and local taxes and state royalties – amounting to $67 million a day to state and local coffers.

Further, Texas leads the nation in oil and natural gas production, pipeline miles, and refining capacity, and 443,000 Texans have a direct job in the Texas oil and natural gas industry, TXOGA’s statement reads.

The association further highlighted that legislators, state officials and their staffs got a look into how safe and technologically advanced industry innovations and practices are.

“Thanks to our state’s abundant natural resources and the commitment to success by the hundreds of oil and gas employees here today for Texas Energy Day @ the Capitol – and hundreds of thousands more across the state – Texas has a record surplus and economic and energy security unlike anything we’ve seen in recent years,” House Energy Resources Committee Chairman Craig Goldman, said.

“Texas leads the country in the production of oil and natural gas, and we aim to keep it that way for generations to come. Texas ranks number one in the country in pipeline miles, and Texas ranks 4th in the world in the production of crude oil. We take for granted how this industry makes our lives easier each day, and we would be lost without the hard work of everyone who participates in the production of energy in Texas,” added Senate Natural Resources Committee Chairman Brian Birdwell.

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