(The Center Square) – The Texas oil and natural gas industry paid $27 billion in state and local taxes and state royalties in fiscal 2025. It was the second highest total the industry paid in recorded ...

AUSTIN According to just-released data from the Texas Oil & Gas Association (TXOGA), the Texas oil and natural gas industry paid $27 billion in state and local taxes and state royalties in fiscal year ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

AUSTIN, Texas — It may be hard to believe that it all began in a tiny place called Gladys City, a few miles from Beaumont in southeast Texas. It was there that a man named Anthony Lucas had a hunch.

The Texas oil and gas industry had a record-setting year in 2025, both in production numbers and financial impact, according to data released Wednesday by the Texas Oil and Gas Association. Spencer ...

KILGORE, Texas (KLTV) - Oct. 3 marks a big historical accomplishment here in East Texas. Ninety-five years ago from Friday, the Daisy Bradford No.3 was discovered in Joinerville. It was the first ...

(The Center Square) – The U.S. oil and natural gas industry set oil and natural gas production records in November. Crude oil output reached an estimated 5.9 million barrels per day in November, the ...

8 minutes ago by CARLOS NOGUERAS RAMOS The Texas Tribune After covid-19 tanked oil prices, Texas' oil and gas industry rebounded. By 2024, operators were drilling record amounts of oil. Each barrel ...

After COVID-19 tanked oil prices, Texas’ oil and gas industry rebounded. By 2024, operators were drilling record amounts of oil. Each barrel sold for at least $70, bringing profits and momentum that ...