In each of the past two months, Texas has collected over $1 billion in taxes on oil and gas production — a record pace.
The strong performance has been going on for a while. Through nine months of the fiscal year, energy companies paid $7.35 billion to Texas in oil and gas production taxes, according to data from the Texas Comptroller.
It’s the biggest annual haul ever, almost 46% higher than all of 2021 — and that’s with three months remaining in fiscal 2022.
