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2014 Texas oil and gas taxes and royalties hit $15.7 billion

from Fort Worth Star-Telegram

The oil and gas industry's economic impact on Texas has reached historic levels. In 2014, Texas oil and natural gas delivered a record $15.7 billion in state and local taxes and royalties, the highest such collection from the oil and gas industry in Texas history. Beyond its iconic imagery, the oil and gas industry has a long and continuing legacy of providing billions of dollars in tax revenue each year that directly funds our schools, roads, first responders, essential public services and more. more

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