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Texas oil and natural gas industry paid $15.8 billion in taxes and state royalties in fiscal year 2021 : comparemela.com
Texas oil and natural gas industry paid $15.8 billion in taxes and state royalties in fiscal year 2021
$15.8 billion translates to well over $43 million every day. Both state royalties and production taxes increased by more than 20% in fiscal year 2021 and production taxes exceeded $5 billion for only the third time in history.
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