How Much Money Does Texas Make From Oil
Study: Texas oil & gas industry paid $14 billion in taxes, royalties in 2018
Fog blankets a low-lying area where pumpjacks operate in West Texas, northeast of Kermit, on Sept. 12, 2018.
CONTINUE to see how much money area energy companies made (or lost) in recent quarterly earnings reports.
Jerod Foster, HONS / Associated Press
2019 third-quarter earnings: $241 million
2018 third-quarter earnings: $153 million
Cody Duty/Houston Chronicle
NRG Energy
2019 third-quarter earnings: $372 million
2018 third-quarter loss: ($72 million)
Brett Coomer/Houston Chronicle
2019 third-quarter earnings: $17 million
2018 third-quarter earnings: $227 million
Jerry Baker/for the Houston Chronicle
2019 second-quarter earnings: $832 million
2018 second-quarter earnings: $371 million
J. Patric Schneider/For the Chronicle
2019 second-quarter earnings: $615 million
2018 second-quarter earnings: $1.2 billion
Billy Smith II/Chronicle
2019 second-quarter earnings: $165 million
2018 second-quarter earnings: $254 million
Steve Gonzales/Houston Chronicle
2019 second-quarter loss: ($39.6 million)
2018 second-quarter loss: ($33.2 million)
Federal Energy Regulatory Commission
Plains All American
2019 third-quarter earnings: $449 million
2018 third-quarter earnings: $710 million
Plains All American Pipeline LP
Westlake Chemical
2019 third-quarter earnings: $158 million
2018 third-quarter earnings: $308 million
2019 third-quarter loss: ($912 million)
2018 third-quarter earnings: $1.9 billion
2019 third-quarter loss: ($1.9 billion)
2018 third-quarter earnings: $2 million
Google Maps
2019 third-quarter earnings: $2.58 billion
2018 third-quarter earnings: $4.05 billion
Justin Sullivan/Getty Images
2019 third-quarter earnings: $3.17 billion
2018 third-quarter earnings: $6.2 billion
Mark Humphrey/AP
2019 third-quarter loss: ($318 million)
2018 third-quarter profit: $65 million
J. Patric Schneider/For the Chronicle
2019 third-quarter loss: ($170 million)
2018 third-quarter earnings: $81 million
2019 third-quarter loss: ($821 million)
2018 third-quarter loss: ($199 million)
2019 third-quarter earnings: $57 million
2018 third-quarter earnings: $13 million
2019 third-quarter earnings: $56 million
2018 third-quarter earnings: $58 million
Mayra Beltran/Staff
2019 third-quarter earnings: $3.1 billion
2018 third-quarter earnings: $1.9 million
F. Carter Smith/COURTESY PHOTO
2019 third-quarter loss: ($2.44 million)
2018 third-quarter earnings: $1 million
2019 third-quarter earnings: $1 billion
2018 third-quarter earnings: $1.3 billion
Dave Rossman/Freelance
2019 third-quarter earnings: $712 million
2018 third-quarter earnings: $1.49 billion
Daniel Acker / Bloomberg
2019 third-quarter earnings: $41 million
2018 third-quarter loss: ($8 million)
Elizabeth Conley/Staff
2019 third-quarter earnings: $21.8 million
2018 third-quarter earnings: $136.9 million
2019 third-quarter earnings: $295 million
2018 third-quarter earnings: $4351 million
2019 third-quarter loss: ($11.4 billion)
2018 third-quarter earnings: $659 million
2019 third-quarter earnings: $506 million
2018 third-quarter earnings: $693 million
2019 second-quarter earnings: $1 billion
2018 second-quarter earnings: $800 million
2019 second-quarter earnings: $266 million
2018 second-quarter earnings: $352 million
Calpine
2019 second-quarter earnings: $162 million
2018 second-quarter earnings: $845 million
2018 fourth-quarter loss: ($1.25 billion)
2017 fourth-quarter loss: ($2.5 billion)
The oil and natural gas industry in Texas paid more than $14 billion in state and local taxes and state royalties in fiscal year 2018, a new report shows.
A study from the Texas Oil & Gas Association show that the figures marked a 27 percent increase from fiscal year 2017.
"Last year alone, the Texas oil and natural gas industry paid the equivalent of $38 million a day to fund our schools, roads, universities and first responders," TXOGA President Todd Staples said in a statement. "More tax and royalty revenue from the oil and natural gas industry means our lawmakers have more to work with to meet the needs of our growing state."
Report: Texas crude oil production breaks 1970s record
Texas school districts received $1.24 billion in property taxes from mineral properties producing oil and natural gas, pipelines, and gas utilities.
Counties received $366.5 million in oil and natural gas mineral property taxes.
State royalties paid by the oil and natural gas industry increased 18 percent to a total of $2 billion. The money is used to capitalize the Permanent School Fund, which benefits the public schools as well as the Permanent University Fund, which supports the University of Texas and Texas A&M University systems.
Fuel Fix: Get daily energy news headlines in your inbox
The figures come at a time of record crude oil and natural gas production in Texas but did not reflect the effects of a 40 percent price drop in crude oil prices during the fourth quarter.
Under state law, Texas begins its fiscal year on Sept. 1 and ends it on Aug. 31, 2018, meaning that the price drop will impact fiscal year 2019 figures.
How Much Money Does Texas Make From Oil
Source: https://www.chron.com/business/energy/article/Study-Texas-oil-gas-industry-paid-14-billion-13615603.php
Posted by: siscoheadee.blogspot.com
0 Response to "How Much Money Does Texas Make From Oil"
Post a Comment