Business

AUSTIN—Crude-oil and naturalgas production as reported to the Railroad Commission of Texas (RRC) for June 2020 came from 173,549 oil wells and 86,037 gas wells. The RRC notes that from July 2019 to June 2020, total Texas reported production was 1.5 billion barrels of crude oil and 10.5 trillion cubic feet of total gas.

AUSTIN—Texas Comptroller Glenn Hegar released totals for fiscal 2020 state revenues, in addition to announcing monthly state revenues for August. •General revenue-related revenue for fiscal 2020 totaled $56.98 billion, down 1.5 percent from fiscal 2019.

Hemphill County U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) PTIC Janee Cross reminds livestock producers who suffered grazing losses that occurred throughout 2020 due to drought, to report their losses timely and to enroll in the Livestock Forage Disaster Program (LFP) by Jan. 30, 2020.

Almost 196,000 head of calves, feeder cattle and breeding stock were offered this week during Superior’s Big Horn Classic video cattle auction including lots from a number of Canadian-area ranchers. Broadcast live from the Holiday Inn, Sheridan Wyoming, the auction had producers from 32 states.

WASHINGTON—The U.S. Department of Agriculture (USDA) this week announced a new annual survey of farmers, ranchers, and private forestland owners. The survey will help USDA understand what it is doing well and where improvements are needed, specifically at the Farm Service Agency (FSA), Natural Resources Conservation Service (NRCS), and Risk Management Agency (RMA).

HAPPY—Happy Bancshares, Inc., a Texas corporation and holding company of Happy State Bank, announced the closing of its $140 million private placement of subordinated notes. “We are happy to announce the successful completion of our subordinated debt offering,” said J.

AUSTIN—Texas Comptroller Glenn Hegar this week said state sales tax revenue totaled $2.98 billion in July, 4.3 percent more than in July 2019. The majority of July sales tax revenue is based on sales made in June and remitted to the agency in July.

AUSTIN—The Railroad Commission continues to make positive strides with its Underground Injection Control program, ensuring the protection of underground sources of drinking water and the control of seismic activity, according to a recent report from the Environmental Protection Agency.

Significant wildfire activity has increased statewide, and accelerated drying has elevated the potential for new wildfire ignitions. New wildfires will become increasingly difficult to extinguish if current temperatures and drying conditions persist into August as forecasted, according to Texas A&M Forest Service experts.

WASHINGTON—Agriculture Secretary Sonny Perdue designated 10 Texas counties as primary natural disaster areas. Producers in Carson, Gaines, Hutchinson, Moore, Oldham, Potter, Roberts, Sherman, Terry, and Yoakum counties who suffered losses due to recent drought may be eligible for U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) emergency loans.