Business

Amarillo-based Clift Land Brokers is celebrating a major milestone as it marks 25 successful years in the land business. “For a quarter-century, our team of dedicated land professionals has proudly represented families across the region ensuring their legacies live on,” explains founder and broker, George Clift.

AUSTIN—In yet another move to enhance transparency and make Railroad Commission documents more widely available to the public, the agency recently completed a project to place all historic oil and gas production records online.

Texas RRC reports May 2022 oil and gas production stats AUSTIN—Crude oil and natural gas production as reported to the Texas Railroad Commission (RRC) for May 2022 came from 162,387 oil wells and 87,163 gas wells. The RRC reported that from June 2021 to May 2022, total Texas reported production was 1.5 billion barrels of crude oil and 10.9 trillion cubic feet of total gas.

COLLEGE STATION—Eligible communities in Texas can apply now for a federal grant administered by Texas A&M Forest Service to plan for and mitigate against risks created by wildfire. The Community Wildfire Defense Grant offers financial assistance to at-risk local communities for the development of community wildfire protection plans and associated mitigation projects.

Texas Drilling Permit and Completion Statistics for July 2022 AUSTIN—The Texas Railroad Commission issued a total of 901 original drilling permits in July 2022 compared to 779 in July 2021. The July 2022 total includes 782 permits to drill new oil or gas wells, 15 to re-enter plugged wellbores, and 93 for recompletions of existing wellbores.

AUSTIN—Texas Comptroller Glen Hegar’s recently released tax collections data indicates Texas oil and natural gas producers continue to pay record amounts in production taxes to the state of Texas, reaching all-time highs in July.

In the last 15 years, the amount of gas that has been extracted and transported through pipelines has increased immensely, along with more reports of serious pipeline incidents. A new gas-gathering rule, issued by the U.S.

AUSTIN—Texas Agriculture Commissioner Sid Miller reminded producers this week about the suspension of size and weight requirements on vehicles involved in agricultural activities due to the drought and heat wave.

AUSTIN—The Texas Railroad Commission announced this month that crude oil and natural gas production reports for April 2022 came from 162,301 oil wells and 79,292 gas wells. The RRC reports that from May 2021 to April 2022, total Texas reported production was 1.5 billion barrels of crude oil and 10.8 trillion cubic feet of total gas. Crude oil production reported by the RRC is limited to oil produced from oil leases and does not include condensate, which is reported separately by the RRC. For additional oil and gas statistics, go online to https://www.rrc.texas.gov/.

AUSTIN—Texas Comptroller Glenn Hegar today revised the Certification Revenue Estimate (CRE) upward, increasing his November estimate of general revenue-related (GR-R) funds available for certification by $13.75 billion.