5
The surge in oil and gas production in Texas is made possible by hydraulic fracturing or fracking, a 60-year old
technique that frees oil and natural gas trapped in tight shale rock formations. Notably, as production has increased
dramatically, methane emissions from oil and gas operations have decreased significantly, according to data from
the U.S. Environmental Protection Agency.5
“Science-based and predictable oil and gas regulation will help keep Texas prosperous, with a safe environment
and a healthy economy,” said Staples.
TAXES & ROYALTIES PAID BY OIL & GAS INDUSTRY (FY 2014)
Amount in Millions
Property *
$ 4,310
Sales, state and local *
2,919
State franchise tax *
370
Production of oil **
3,874
Production of natural gas **
1,900
Oil and gas well servicing **
130
Other taxes *
331
Total Taxes *
$ 13,834
Royalties to State Funds**
1,828
Total Paid
$ 15,662
* Estimated, Tax & Fiscal Consulting, Austin
** Source: Texas Comptroller's Office
JOBS BY SECTOR
Oil and Gas Industry Sectors
Texas Jobs
Source: Texas Workforce Commission
Direct
Indirect
Total
Crude Petroleum & Natural Gas Extraction
99,400
215,453
314,853
Natural Gas Liquid Extraction
3,708
8,036
11,743
Drilling Oil and Gas Wells
47,231
84,334
131,566
Support Activities, Oil/Gas Operations
134,892
249,324
384,216
Natural Gas Distribution
8,356
37,476
45,832
Petroleum Refineries
20,756
552,670
573,426
Petrochemical Manufacturing
15,935
371,531
387,465
Oil and Gas Field Machinery & Equipment
54,300
151,453
205,753
Petroleum Merchant Wholesalers
17,188
19,774
36,962
Pipeline Transportation
16,296
116,520
132,816
Total
418,060
1,806,572
2,224,632
5 http://yosemite.epa.gov/opa/admpress.nsf/0/58d0225b6c4023ea85257d63005ca960?OpenDocument