Business

Third quarterly AgriLife oil and gas miniseries is postponed

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The third in a series of Hemphill County AgriLife oil and gas short courses, which was scheduled for next Tuesday, Jan. 19, has been postponed and will be rescheduled at a later date. The miniseries is being hosted by Haley and Bryce Ward, both of whom have a broad range of expertise in the oil and gas industry.

The classes, which are designed to be no longer than two hours, address a variety of topics of particular interest to land and mineral owners. Haley Ward announced the postponement of this month’s class, and said a new date will be announced when scheduled.

Oil & Gas

Comptroller distributes $783M in monthly sales tax revenue

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AUSTIN—Texas Comptroller Glenn Hegar announced this week he will send cities, counties, transit systems, and special-purpose taxing districts $783.2 million in local sales tax allocations for January, 2.6 percent more than in January 2020. These allocations are based on sales made in November by businesses that report tax monthly.
Sales Tax

State sales tax revenue totaled $2.9 billion in December 2020

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AUSTIN—Texas Comptroller Glenn Hegar said this week that state sales tax revenue totaled $2.86 billion in December, 5 percent less than in December 2019. The majority of December sales tax revenue is based on sales made in November and remitted to the agency in December.
Sales Tax

CRP general signup period ends Feb. 12

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COLLEGE STATION—Enrollment for agricultural producers and private landowners interested in the Conservation Reserve Program (CRP) began this week and continues until Feb. 12. The competitive program, administered by USDA’s Farm Service Agency (FSA), provides annual rental payments for land devoted to conservation purposes.
Grassland

Xcel Energy brings Sagamore Wind Project online

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PORTALES, N.M.—The Sagamore Wind Project, one of the largest wind farms ever built in New Mexico, is now complete and is expected to save Xcel Energy’s New Mexico and Texas customers $110 million annually in generating fuel costs by using the free and abundant wind of Roosevelt County, New Mexico, to produce clean electricity for a growing economy.
The Sagamore Wind Project in Roosevelt County, New Mexico

Maverick Natural Resources acquires FourPoint Energy

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HOUSTON—Maverick Natural Resources LLC announced last week that it had acquired FourPoint Energy LLC, the largest producer in the Western Anadarko Basin. In conjunction with the all-equity merger, Four- Point became a wholly owned subsidiary of Maverick and was renamed Unbridled Resources, LLC (“Unbridled”). Both Maverick and FourPoint are majority controlled by EIG Global Energy Partners (“EIG”) managed funds.
Maverick Natural Resources

Monthly sales tax receipts continue to decline statewide

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Texas Comptroller Glenn Hegar announced this week he will send cities, counties, transit systems and special purpose taxing districts $790.3 million in local sales tax allocations for December, 3.7 percent less than in December 2019. These allocations are based on sales made in October by businesses that report tax monthly.
Sales Tax
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