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Business Briefs

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Texas RRC reports Sept. ‘22 drilling permit and completion stats AUSTIN—The Texas Railroad Commission issued a total of 984 original drilling permits in September 2022 compared to 801 in September 2021.
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NRCS announces FY ‘23 conservation assistance funding

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TEMPLE—The USDA-Natural Resources Conservation Service (NRCS) in Texas announced fiscal year 2023 financial assistance opportunities for agricultural producers and landowners for the Conservation Stewardship Program (CSP), Environmental Quality Incentives Program (EQIP), Environmental Quality Incentives Program–Conservation Incentives Contract Program (EQIP-CIC), and Regional Conservation Partnership Program (RCPP). While NRCS accepts applications for these programs year-round, producers and landowners should apply by the state-specific application “due by” dates to be considered for fiscal year’s funding.
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Business Briefs

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TXOGA announces hiring new director of communications AUSTIN—The Texas Oil & Gas Association (TXOGA) today announced the hiring of Stephen Chang as director of communications following the departure of Lauren Clay. Todd Staples, president of TXOGA, issued the following statement: “Oil and natural gas fuel modern life, and the industry plays an indispensable role in delivering affordable and reliable energy that consumers depend on every day.
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USDA releases 2022 Land Values Summary Report

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As happens every August, the USDA released its Land Values Summary Report for 2022. Not surprisingly, the report indicates increasing values nationwide over the past year. For “farm real estate value,” which takes into account the value of all land and buildings on farms, the U.S. average value was $3,800, a 12 percent increase from last year. For cropland, the nationwide average value increased 14 percent to $5,050/acre. For pastureland, the nationwide average value was $1,650/acre, up 11.5 percent from last year.
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Texas comptroller visits Panhandle for second stop of ‘Good for Texas Tour’

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AMARILLO—Texas Comptroller Glenn Hegar today visited the Panhandle Groundwater Conservation District (PGCD) on the second stop of his “Good for Texas Tour: Water Edition.” The PGCD is home to one of five cloudseeding programs in Texas. Cloud seeding is a form of weather modification used to stimulate clouds to produce rain.
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Comptroller distributes $1B in monthly sales tax revenue

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AUSTIN—Texas Comptroller Glenn Hegar announced last week that he would be sending cities, counties, transit systems, and special-purpose districts $1.04 billion in local sales tax allocations for September, 13.1 percent more than in September 2021.

These allocations are based on sales made in July by businesses that report tax monthly.