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CHAPTER THREE
Overview: Nonrenewable Fuels
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Exhibit 3-6

Oil and Gas Severance Tax Revenue
(in Millions of Dollars)
Fiscal Year Crude Oil Natural Gas
1970 $170.63 $96.38
1971 $192.60 $108.81
1972 $190.79 $114.38
1973 $207.52 $124.90
1974 $344.83 $171.07
1975 $402.55 $259.57
1976 $429.11 $364.59
1977 $426.37 $474.32
1978 $435.22 $517.84
1979 $464.82 $554.35
1980 $783.77 $734.25
1981 $1,288.67 $901.93
1982 $1,315.13 $1,057.06
1983 $1,188.48 $1,061.23
1984 $1,118.64 $1,095.49
1985 $1,038.53 $1,122.85
1986 $767.56 $778.70
1987 $531.87 $644.86
1988 $498.62 $555.65
1989 $500.21 $666.50
1990 $514.97 $568.13
1991 $687.77 $662.60
1992 $511.53 $497.13
1993 $491.26 $682.93
1994 $360.68 $554.48
1995 $374.21 $512.41
1996 $375.96 $447.10
1997 $428.14 $712.22
1998 $302.90 $574.58
1999 $210.02 $488.58
2000 $415.80 $697.67
2001 $441.92 $1,596.89
2002 $337.86 $628.50
2003 $422.88 $1,069.86
2004 $495.44 $1,392.44
2005 $681.29 $1,657.09
2006 $861.66 $2,339.15

Source: Texas Comptroller of Public Accounts.

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