Energy Minute – 07/23/2019

Energy New: Texas
David Blackmon In The Oil Patch Featured

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The Permian basin has been a major player in the financial fortunes of Texas since 1921 since that time, taxes and royalties collected on Permian oil and gas. I’ve helped Texas build out the most extensive road system in America, pay for health education and other essential state services and provided billions of dollars in ad valorem taxes to local government production from university lands and the Permian also plays a major role in funding the state’s permanent university fund. Subsidizing the education of hundreds of thousands of students every year and both the University of Texas and Texas a and m university systems. If recent developments in the basin or any indication, the Permian will continue to play this critical role protections for many years to come.

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