Episode 2: Rewriting the Record Book

02/01/24 • 30 min

In this episode, TXOGA President Todd Staples and Shana Joyce, Director of Government and Regulatory Affairs, discuss TXOGA’s newly released annual Energy & Economic Impact Report, which found that the Texas oil and natural gas industry rewrote the record book in 2023 by paying $26.3 billion in state and local taxes and royalties as well as breaking numerous production records. Tune in as they discuss the benefits that oil and natural gas activity have on the state, reasons for the industry’s success over the past year and what needs to be done to ensure that Texas remains the energy leader.

Also in this episode, TXOGA Chief Economist Dean Foreman, Ph.D, presents his “Foreman’s Four” where he highlights four items about energy and economics that everyone should know.

TXOGA: 2023 Annual Energy & Economic Impact Report

TXOGA: Economic Insights

Texas Methane & Flaring Coalition: Texas Methane & Flaring Coalition

Also in this episode, TXOGA Chief Economist Dean Foreman, Ph.D, presents his “Foreman’s Four” where he highlights four items about energy and economics that everyone should know.

TXOGA: 2023 Annual Energy & Economic Impact Report

TXOGA: Economic Insights

Texas Methane & Flaring Coalition: Texas Methane & Flaring Coalition

Previous Episode

Episode 1: Candid Conversations

In this episode, TXOGA President Todd Staples and Shana Joyce, Director of Government and Regulatory Affairs, introduce the new TXOGA Talks podcast, whose aim is to engage in balanced discussions on energy and energy policy—and why these discussions are essential to Texans. Tune in as they discuss the essential role of oil and natural gas in powering our modern lives and its potential to lift millions out of poverty by meeting energy needs and providing energy security.

Stanford University: Estimated cost of approximately $62 trillion to transition from existing energy sources to solely renewable sources.

Next Episode

Episode 3: The Four P’s

In this episode, TXOGA President Todd Staples and Shana Joyce, Director of Government and Regulatory Affairs, discuss how production, pipelines, processing, and ports—what TXOGA calls “The Four P’s” of the oil and natural gas industry—work together to make Texas the Energy Capital of the World.
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The Texan: If Texas were its own country, it would rank fourth in crude oil production, right behind Saudi Arabia and ahead of Canada.

TXOGA: Landowners Handbook: Pipelines 101

Texas Economic Development Corporation: Texas is home to 31% of the nation’s refining capacity.

Bullock Museum: Texas Oil and Gas Exhibit

Reuters: In 2023, the United States leapfrogged Qatar and Australia to become the world’s leading exporter of liquified natural gas (LNG).

Texas Monthly: George Mitchell was a Texas A&M graduate who was known as the “pioneer of shale”. Mitchell is credited with pioneering the economic extraction of shale gas using the fracking technique.