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Business Briefs

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Texas RRC releases March 2022 oil and gas production stats AUSTIN—Crude oil and natural gas production reported to the Texas Railroad Commission in March 2022 came from 162,387 oil wells and 87,163 gas wells. Based on RRC reports from April 2021 to March 2022, total Texas production was 1.5 billion barrels of crude oil and 10.7 trillion cubic feet of total gas.
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USFWS approves Lesser Prairie-Chicken Habitat Conservation Plan for O&G development in Great Plains

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The U.S. Fish and Wildlife Service (USFWS) has approved LPC Conservation LLC’s habitat conservation plan (HCP) and associated incidental take permit. The HCP is designed to allow for the responsible development of oil and gas in the Great Plains while also contributing to the conservation of the lesser prairie-chicken.
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Business Briefs

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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.
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EDWARD ERNEST STEPHENSON

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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.
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Private well owners should prepare for extreme drought

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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.
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TFB webpage targets Cattle Price Discovery and Transparency Act

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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.
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Comptroller distributes $1.2 billion in monthly sales tax revenue

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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.
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AgriLife economists tally wildfire costs: livestock, fencing, lost grazing

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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.