Business

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Mineral appraisals explained at Tuesday’s second AgriLife oil and gas miniseries

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The second in a series of oil and gas short courses for land and mineral owners will be held next Tuesday, Oct. 20, at 5:30 pm. Featured speakers will be a representative of the mineral appraisal firm of Pritchard & Abbott, as well as series hosts Haley and Bryce Ward, both of whom have a broad range of expertise in the oil and gas industry. The classes are designed to be no longer than two hours each, and are held quarterly at the Hemphill County Exhibition Center.
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Comptroller distributes $751M in monthly sales tax revenue

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AUSTIN—Texas Comptroller Glenn Hegar announced this week that he will send cities, counties, transit systems and special purpose taxing districts $751.5 million in local sales tax allocations for October, 2.8 percent less than in October 2019. These allocations are based on sales made in August by businesses that report tax monthly.
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Texas RRC reports oil- and gas-production stats for July 2020

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AUSTIN—Crude-oil and natural-gas production as reported to the Railroad Commission of Texas (RRC) for July 2020 came from 169,713 oil wells and 84,052 gas wells. Preliminary reported total volumes for crude oil were 108,879,658 barrels of crude oil, compared to 134,724,334 bbls in July 2019, and 798,320,347 Mcf of natural gas, compared to 891,122,643 Mcf a year ago.
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USDA offers additional help to farmers, ranchers impacted by coronavirus

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WASHINGTON—President Donald J. Trump and U.S. Secretary of Agriculture Sonny Perdue this week announced up to an additional $14 billion for agricultural producers who continue to face market disruptions and associated costs because of COVID-19. Signup for the Coronavirus Food Assistance Program (CFAP 2) will begin Sept. 21 and run through Dec. 11.
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USDA reminds farmers of Sept. 30 deadline to update safety-net program crop yields

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WASHINGTON—USDA’s Farm Service Agency (FSA) reminds farm owners that they have a one-time opportunity to update Price Loss Coverage (PLC) program yields for covered commodities on the farm. The deadline is Sept. 30, to update yields, which are used to calculate the PLC payments for 2020 through 2023. Additionally, producers who elected Agriculture Risk Coverage (ARC) should also consider updating their yields.