Eagle Ford Counties See Sales Tax Receipts Rise Almost 10 Fold

Receipts Up From $650,000 To Almost $6 Million

Since Petrohawk’s Eagle Ford discovery in 2008, sales tax receipts in local counties have boomed to the tune of almost ten times more than five years ago. The revenue has been more than welcomed in local communities.

State Impact took a deeper look at a sample of five counties: Atascosa, Dimmit, Gonzales, Karnes, and Live Oak.

In 2008, the five counties collected an average of nearly $650,000 in sales taxes. But just four years after drilling started, the yearly average for those same counties jumped to over $5.8 million.

Read the rest of the story at stateimpact.org

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R.T. Dukes

R.T. Dukes

Managing Editor at EagleFordShale.com
R.T. is the managing editor of EagleFordShale.com. In prior roles, he advised major oil companies on strategy, the macro business environment, and opportunity screening. 2503 Robinhood, Houston, TX, 77005, U.S.A. | Telephone: 832.429.4790

Comments

  1. Adrian Yates says:

    Certainly, the opportunity for local revenue generation and associated job creation is most welcome in rural towns like Three Rivers. Areas that were previously de-populating, are now alive again, however this comes at a price. Local communities are having to cope with a surge in the cost of living, especially housing which are not being fully offset with increases in wage levels.

    • William Jarzombek says:

      I understand that the Crisp A wells 1H and 2H are doing great but what is the production status on Crisp B wells. Please let me know because I haven’t been able to find out any info-thanks.

  2. Michael Chapman says:

    RT, I am trying to find data on transactions ($, $/acre, $/bbl,$/flowing bbl)in the EF, do you aggregate or sell that type of data? Or do you know where I could find it? I am mainly interested in transactions in LaSalle and McMullen counties but any county or any recent data (last 12-24 months) would be appreciated.

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