Business

Texas RRC reports May 2022 drilling permit and completion statistics AUSTIN—The Texas Railroad Commission issued a total of 963 original drilling permits in May 2022 compared to 631 in May 2021. The May 2022 total includes 849 permits to drill new oil or gas wells, nine to re-enter plugged wellbores, and 93 for recompletions of existing wellbores.

Farmers, ranchers, master naturalists, agency personnel, educators, and the interested public are invited to attend a Playa Field Day presented by Ogallala Commons (www.ogallalacommons.org) on Wednesday, June 22, from 9:30 am-1:30 pm in Borger.

Edward Ernest Stephenson, 89, of Eufaula, Oklahoma, (formerly of Canadian) passed away on June 2, 2022, in Bethany, Oklahoma. Graveside services will be held at 10 am on Saturday, June 25 at Edith Ford Cemetery in Canadian with a memorial service following at 11 am at the First Christian Church in Canadian with Andy Taylor, pastor of Trinity Fellowship in Sayre, Oklahoma, officiating. Services are under the direction of Carmichael-Whatley Funeral Home.

COLLEGE STATION—The U.S. Department of Agriculture (USDA) will allow Conservation Reserve Program (CRP) participants who are in the final year of their CRP contract to request voluntary termination of their CRP contract following the end of the primary nesting season for fiscal year 2022.

NGWA urges well owners to test water levels and have wells inspected to better handle extreme drought conditions The National Ground Water Association (NGWA) is urging all private well owners impacted by drought to have their systems inspected and water levels tested as we enter the summer months. Drought impacts both the productivity of a water well and its water quality.

The Texas Farm Bureau (TFB) has launched a webpage to inform stakeholders and highlight issues with legislative efforts meant to improve transparency and profitability in the cattle marketplace. The webpage provides extensive analysis regarding the Cattle Price Discovery and Transparency Act (CPDTA), which would impose an onerous federal mandate on the cattle market.

AUSTIN—Texas Comptroller Glenn Hegar announced last week that he would send cities, counties, transit systems, and special-purpose taxing districts $1.2 billion in local sales tax allocations for May, 11.8 percent more than in May 2021. These allocations are based on sales made in March by businesses that report tax monthly and sales made in January, February, and March by quarterly filers.

The preliminary estimates were calculated beginning Texas wildfires that ravaged the Eastland Complex, parts of the Panhandle, and Coryell County regions encompassing 433,000 acres have resulted in $23.1 million in preliminary agricultural loss estimates, according to Texas A&M AgriLife Extension Service economists. The losses include more than 400 livestock deaths, lost grazing values, and fence repair costs.

AUSTIN—Crude oil and natural gas production for February 2022 came from 162,109 oil wells and 84,801 gas wells, according to the Texas Railroad Commission. From March 2021 to February 2022, total reported production in Texas was 1.5 billion barrels of crude oil and 10.6 trillion cubic feet of total gas. Crude oil production is limited to oil produced from oil leases and does not include condensate, which is reported separately by the RRC. For additional production stats, visit the RRC’s website at www.rrc.texas.gov/oil-and-gas/research-andstatistics/production-data/texasmonthly-oil-gas-production/.

AUSTIN—Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.83 billion in April, 12.8 percent more than in April 2021. The majority of April sales tax revenue is based on sales made in March and remitted to the agency in April.