Eagle Ford Tax Revenues Boosting the Texas Rainy Day Fund

At the San Antonio oil & gas conference, Texas RRC’s Elizabeth Ames Jones touted the Eagle Ford’s contribution to the economy and Texas. She reported the Texas Rainy Day Fund will get a deposit of $1.1 billion dollars in November. The bulk of the money comes from oil & gas revenue. That’s a good boost to state coffers.

She also made a political plea for the federal government to stay hands off when it comes to oil & gas activity and hydraulic fracturing.  [Read more…]