Cleaner Stronger Better – Cleaner Stronger Better

Cleaner
Stronger
Better

Cleaner

Stronger

Better

010203

FOLLOW US

The oil and natural gas industry is the nation’s leading investor in pioneering emission-reducing technologies and, as a result, Americans are breathing the cleanest air in decades and the U.S.

Cleaner

The oil and natural gas industry is producing the energy that powers modern life in cleaner and more efficient ways. Oil and natural gas companies have invested more in emission reducing technologies than the rest of the private sector and the government combined. This unmatched contribution to protect and improve the environment shows how committed industry is to do its part to address climate concerns.
0
%
of natural gas is captured, with less than 1% flared in Texas

Find out more

#
0
increased use of natural gas is the #1 reason CO2 emissions have decreased in the U.S.

Find out more

Environmental Progress

Texas oil and natural gas production continues to show a downward trend in flaring intensity.

No nation is doing more to protect and improve the environment than the United States – with the oil and natural gas industry leading the way through investment in innovation.

Cleaner Energy = Cleaner Air

Unmatched investments by this industry have positioned the United States as the global leader in energy and environmental progress. The United States continues to lead the world in reducing carbon dioxide emissions – thanks to expanded use of natural gas in power generation.

Cleaner Energy = Cleaner Air

According to numbers released the Railroad Commission of Texas, the percentage of natural gas flared compared to the natural gas produced from oil and gas wells in Texas dropped from a high of 2.29% in June 2019 to 0.65% in May 2021. During the same period, the volume of gas flared decreased by approximately 73%.

Flaring is Decreasing

Texas has one of the lowest flaring rates of large oil and gas producing states in the country. According to the Railroad Commission, the statewide flaring rate in Texas fell to a record low- level of 0.2% in October. The industry has a
stated goal of eliminating routine flaring by 2030, with some operators having achieved that goal already.

Natural gas flared

The average percentage of natural gas flared has remained below 2% statewide since October 2019, making Texas one of the lowest in flaring rates among all large producing states in the nation.

xx

Methane emissions are down dramatically, even as oil and natural gas production increases. Methane emissions intensity in the Permian Basin has declined almost 70% since 2011, as oil and gas production rose over 320%.

Methane emissions rates

Methane emissions rates were down nearly 70 percent in five of the nation’s largest oil and natural gas producing regions between 2011 and 2019, according to data from EPA and EIA.

ICYMI: RRC Data Shows Dramatic Decline in Flaring in Texas – TXOGA

RRC Data Shows Continued Decline in Flaring in Texas

Join TXOGA Now

Recent innovation

Recent innovation, investments and commitments (up/mid/downstream)

In 2020, Texas school districts received more than $2 billion in property taxes from mineral properties producing oil and natural gas.

Stronger.

Oil and natural gas infrastructure creates high-paying jobs, generates revenues unmatched by other industries in Texas, and supports economic growth in Texas communities. Oil and natural gas companies pay billions of dollars in state taxes each year, which funds the development and improvement of Texas’ roads and highway infrastructure, public education, emergency response services, healthcare facilities and more.

As our nation continues its rebound from the lingering impact of the pandemic, data confirms that reliable, affordable energy, fuels and products made by the oil and natural gas industry, and the massive economic benefits industry provides, are central to Texas’ continues success.

LEARN MORE

$
0
B
paid in taxes and state royalties by Texas oil and natural gas industry in FY 2021
$
0
average salary of an oil and natural gas employee
0
M
The Texans directly or indirectly employed because of Texas oil and natural gas industry

Jobs (direct/indirect)

Texas’s oil and natural gas industry directly and indirectly supported over 2.5 million total jobs across the state’s economy in 2019. Texas ranked as the state with the highest share of total economic contributions by the oil and natural gas industry, generating $411.6 billion toward the state’s gross domestic product – including $251.2 billion added to total labor income.

“Texans understand the essential nature of oil and natural gas and this analysis confirms the indispensable role the industry plays in providing jobs and investment that benefits every community and all Texans,” said TXOGA President Todd Staples. “As the leaders in domestic energy production, our member companies’ efforts ensure reliable products are available to power modern America and serve as the underlying foundation of Texas public school, university and public infrastructure funding.”

Texans understand the essential nature of oil and natural gas and this analysis confirms the indispensable role the industry plays in providing jobs and investment that benefits every community and all Texans. As the leaders in domestic energy production, our member companies’ efforts ensure reliable products are available to power modern America and serve as the underlying foundation of Texas public school, university and public infrastructure funding.

Todd Staples

President

The oil and natural gas industry—in Texas in particular—is critical to economic revitalization and opportunities for job creation. According to the findings, in 2019, the industry directly and indirectly.

The Texas oil and natural gas industry is driving economic and environmental progress in the United States and beyond. The industry pays billions of dollars in state and local taxes and state royalties that directly fund our schools, roads, first responders and essential services.

https://www.youtube.com/watch?time_continue=1&v=ikC2L-XKtUM&feature=emb_title

Video

1000+ Texans, 50 Partner Organizations Convene Virtually for Texas Energy Day @ the Capitol

Economic Benefits (revenue/% of state economy)

$
0
Billion
In 2021, the Texas oil and natural gas industry paid $15.8 billion in state and local taxes and state royalties – funds that directly support Texas schools, teachers, roads, infrastructure and essential services. This total equates to about $43 million a day that are put to work for every Texan. The total from 2007 – 2021 is over $179 billion.
$
0
Billion
The Rainy Day Fund received $1.66 billion from oil and natural gas taxes, bringing the balance to more than $10 billion – funds that will be vital to meeting our state’s budget deficit due to the economic downturn caused by COVID-19.

0
Million
Texans directly or indirectly employed because of Texas oil and natural gas industry
0
Million
In 2020, direct economic output (GSP) of the 20 sectors was 10.2% of the total Texas private sector economy for the year. After accounting for both the direct and indirect impacts on the economy, the Texas Oil & Gas Industry supported $344.1 billion, or 21.9% of total private sector Texas GSP in calendar 2020.

State’s growing dependence on industry’s natural gas production/Infrastructure

ESSENTIAL ENERGY INFRASTRUCTURE

Increased Production and Infrastructure Creates Jobs and Security

The increase in production of oil and natural gas has allowed the U.S. to expand and improve infrastructure across the nation. Building this network has brought jobs, security, and innovations in technology to the U.S. for the economy’s benefit.

Energy Infrastructure is Reliable

Expanding energy infrastructure, including pipelines, tanks and terminals, is the best way to increase energy reliability and security and to protect our fuel supply in the event of a natural disaster.

Pipelines Are Safe, Reduce Pollution, Create Jobs

Pipelines are the main method of transportation for natural gas and fuel in Texas. They are also the safest method of transportation, delivering product without incident over 99.99% of the time. Pipelines help provide affordable and reliable energy to millions of families across the state and the nation, and pipeline maintenance, repair, and buildout supports hundreds of thousands of jobs in Texas and millions across the U.S. Pipelines also work to protect our environment and health by reducing pollution associated with other methods of fuel transportation.

U.S. Energy Leadership

Improving our energy infrastructure is essential to delivering the economic, security, and environmental benefits of U.S. energy leadership to communities across the country and around the world.

“Pipelines are the safest and most environmentally-friendly mode of energy transportation. Expanded pipeline infrastructure will reduce flaring, improve road safety and strengthen the Texas economy by providing hundreds of thousands of good jobs and billions of dollars in state and local tax revenues. Demand for Texas’ abundant and affordable supply of clean natural gas necessitates modernized infrastructure regulations so that Texas can continue to provide domestic energy security and global stability and make the air cleaner at home and around the world.

Todd Staples

President

ENERGY SECURITY

Today, thanks to the ingenuity, innovation and perseverance of the industry, the United States is less dependent on unstable foreign sources of the energy needed to power modern life. The Texas oil and natural gas industry is at the epicenter of the American energy resurgence that has made this possible.

The best way to ensure Americans and our trade partners have access to clean, affordable and reliable energy is to encourage homegrown, domestic energy that supports jobs and economic growth, while continuing our commitment to environmental progress.

Access to reliable, affordable power and fuel makes us safer and healthier. Emerging countries – whose residents may have burned wood or dung for heating and cooking – see major quality of life and public health improvements when clean-burning, reliable power becomes available.

Better.

Texas oil and natural gas fuels modern life as we know it. Beyond the hundreds of thousands of jobs it creates and billions in taxes it pays, oil and natural gas improves the economic and social progress of communities here and around the world. There is no substitute for oil and natural gas for the products, fuels, and electricity that power modern life.

0
%
of everyday essentials like soap, clothing and electronics are made from petroleum
0
M
Texans directly or indirectly employed because of Texas oil and natural gas industry
$
0
BILLION
deposited into Texas’ Rainy Day Fund in FY 2021 from oil and natural gas production taxes
Texas is the #1 producer of oil and natural gas in the U.S., providing energy independence and national security. Oil and natural gas activity benefits every Texan – whether you live near the oil patch or not. The impact oil and natural gas activity has on the wellbeing of our state is incredible.

Oil and natural gas tax and royalty revenue is used to support education, transportation, healthcare and infrastructure through the Economic Stabilization Fund (commonly known as the Rainy Day Fund), the Permanent School Fund (PSF) and the Permanent University Fund (PUF) – all of which are funded almost exclusively with taxes and state royalties paid by the oil and natural gas industry.

Education

0
%
In 2020, 99% of the state’s oil and natural gas royalties were deposited into the Permanent School Fund and the Permanent University Fund, which support Texas public education. The PUF received $771 million and the PSF received $942 million.
$
0
Million
In 2020, Texas school districts received more than $2 billion in property taxes from mineral properties producing oil and natural gas, pipelines, and gas utilities. Counties received $688.4 million in these property taxes

Education

$
0
billion
deposited into Texas’ Permanent School Fund in FY 2021 from oil and natural gas royalties
$
0
million
deposited into Texas’ Permanent University Fund in FY 2021 from oil and natural gas royalties
$
0
billion
paid directly to Texas ISDs in property taxes from mineral properties producing oil and natural gas, pipelines, and gas utilities

Since 2009, Texas oil and natural gas producers have paid, in addition to their production taxes, $19.8 billion to the State of Texas in royalties, about 98% of which go to the Permanent University Fund and Permanent School Fund. The value of these two behemoth funds now stand at $39.6 billion (PUF) and $55.6 billion (PSF) at the end of 2021. The Texas Permanent School Fund is the largest educational endowment in the nation.

Everyday Essentials

Oil Prices Plummeted

While oil prices plummeted in the wake of the pandemic, the need for products made from oil and natural gas skyrocketed. Nearly every in-demand product we need to be safe, to save lives and to power our economy – from face shields and hand sanitizers to high-speed internet connections and computers – is made possible by oil and natural gas.

Oil Prices Plummeted

Nearly every in-demand product we need to be safe, to save lives and to power our economy – from face shields and hand sanitizers to high-speed internet connections and computers – is made possible by oil and natural gas.

Before the Pandemic

Even before the pandemic, 96 percent of products we use every day like pharmaceuticals, electronics, cosmetics and clothing are made from oil and natural gas. There is no substitute for oil and natural gas in our lives or for our economy.