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Entries in State Revenues (2)

Wednesday
Feb152017

Texas transportation funds will be protected, Lt. Gov. Dan Patrick says

Star-Telegram

February 15, 2017

Texas’ new pot of transportation funds will be protected, even though the state faces a funding shortage in many other areas, Lt. Gov. Dan Patrick recently told a large gathering.

“Last session we put billions into transportation and locked it away,” Patrick told about 1,000 people during a gathering known as the Texas Transportation Forum last week in Austin.

The comments are especially interesting today, after a Texas Tribune story reports that lawmakers are now looking at dipping into the transportation funding to help with other needs.

Patrick acknowledged to the crowd that there are provisions to use some of the transportation funds — estimated to be an extra $38 billion over 10 years — for other needs, if absolutely necessary. But he also said he didn’t expect to take such steps.
Tuesday
Oct082013

Unconventional Oil and Natural Gas Production Tax Rates: How Does Oklahoma Compare to Peers?

Headwater Economics in Conjunction with Oklahoma Policy Institute

August 2013

This report compares Oklahoma’s oil and natural gas tax policies to other leading oil and natural gas producing states. Oil comparison states are Colorado, Montana, New Mexico, North Dakota, Texas, and Wyoming. Natural gas comparison states are Arkansas, Louisiana, New Mexico, Pennsylvania, Texas and Wyoming.

Analysis applies state tax policies to average production data for typical unconventional oil and natural gas wells to determine comparable effective tax rates. Both unconventional oil and natural gas wells typically feature high initial rates of production that decline steeply and quickly, and eventually stabilize at relatively low levels. The respective production profiles for unconventional oil and natural gas wells are consistent enough across shale plays to offer a sound basis for comparing how states tax policies raise revenue from these new resources.