April 7, 2016
Our industry is highly regulated. These regulations ensure we operate in a safe, responsible manner to protect our employees, communities where we operate and the environment. However, the Department of the Interior’s Bureau of Land Management (BLM) has proposed a new rule to limit natural gas venting and flaring that could have the unintended effects of reducing production in our operating areas, thus preventing associated state revenues.
March 24, 2016
It’s not a secret that Texas is America’s top oil and natural gas producing state. But what that means economically isn’t that well known. Recently released data from the Texas Oil & Gas Association (TXOGA) shows that the industry paid $13.8 billion in state and local taxes and state royalties in fiscal year 2015.