The People of America's Oil and Natural Gas Indusry

Americans Reaping the Benefits of America’s Energy Surge This Holiday Season

Mary Leshper

Mary Schaper
Posted December 20, 2013

Merry Christmas, Texas, From Your Oil and Gas Industry

Forbes: “Texas has recovered 100 percent of the jobs lost during the recession and added 597,000 beyond the previous peak in August 2008.”   – Texas State Comptroller Susan Combs

On Thursday, December 12, the Texas Comptroller’s Office released a report detailing the current state of the state’s budget.  The report was titled “Tracking the Texas Economy – Key Texas Economic Indicators”.  But given the content of the report, a better title might have been:

“Merry Christmas, Texas, From Your Oil and Natural Gas Industry”

According to the Comptroller, the state ended its 2012-2013 biennium with a surplus of more than $2.6 billion, almost three times the previously projected amount of $964 million.  The reason why?  Because the Texas oil and natural gas industry’s tax payments were more than $2 billion more than anticipated.

Read more: http://onforb.es/1i8lWU5

More industry news:

  • Power to Save December 2013 – Area Businesses and Residents are Benefiting from the Natural Gas Boom in Susquehanna County:  http://bit.ly/JLTSau

ABOUT THE AUTHOR

Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.