An industry so large produces a great quantity of well-paying jobs for Texans. According to the Texas Oil and Gas Association, businesses in this sector employ roughly 400,000 people in the state.
Further, the industry provides a very strong tax base. For instance, in 2012, petroleum producers added more than $3.5 billion to Texas’ coffers. More recently, however, Texas' oil and gas taxes and royalties have exploded to record levels. In 2014, they totaled nearly $16 billion. Much of the money goes toward maintaining the state's extensive transportation network.
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