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Oil & Gas Development Economic Impacts
 

Oil & Gas Development Economic Impacts

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  • RRC does not regulate things like traffic, noise, odor, scenic impact, or zoning

Oil & Gas Development Economic Impacts Oil & Gas Development Economic Impacts Presentation Transcript

  • 1. Overview of drilling 2. Drilling activity staff is seeing 3. Potential revenue
  •  2013 - North Brazos County ◦ 37 properties – Eagle Ford ◦ 24 properties - Woodbine  2014 - Staff has been in contact with four (4) companies ◦ Looking to drill wells in the next 6-24 months
  •  FY12 & FY13 = $5,100
  • Capitol Appraisal Group, LLC 12
  •  Total net taxable value = $6.7B  Mineral net taxable value = $3.8M ◦ Minerals = <1% of total net taxable value
  •  Texas Railroad Commission (RRC) ◦ Permitting ◦ Monitoring ◦ Inspecting ◦ Compliance ◦ Investigating Complaints