The Texas oil and gas industry paid a near-record $27 billion in taxes last year, the Texas Oil and Gas Association said Wednesday in its annual report.

Texas' oil and gas industry paid a near-record $27 billion in local and state taxes in 2025, according to TXOGA data.

According to the Texas Oil & Gas Association’s annual Energy & Economic Impact Report, the industry paid $27.0 billion in state and local taxes and state royalties in FY2025, a sum the trade group calls the second-highest in Texas history.

Trump said the "whole infrastructure" of Venezuela has to be rebuilt and that American companies would be used to rebuild it.

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Out of the $27 billion in taxes the Texas oil and natural gas industry paid in 2025, nearly $4 billion was paid to school districts and

Texas-based oil companies have largely been silent on Trump’s assertion that they would help to rebuild Venezuela’s oil infrastructure.

The two latest vessels join a third parked offshore Galveston. One tanker's presence near Texas refineries raises the question: what happens with the oil?

The Texas oil and natural gas industry paid $27 billion in state and local taxes and state royalties in fiscal 2025.

Bolt and Texas Pacific Land aim to attract hyperscalers with bespoke land, power, and water services for data center campuses.