Four Facts About Co-Location

In December 2014, the City of Denton proposed a sweeping new drilling ordinance that included the use of so-called “co-location,” whereby the City would have authority to site oil and natural gas wells near other existing sites. There are a number of concerns with this proposed policy, which are summarized within.

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New Record: Oil and Gas Industry Paid $15.7 Billion in Taxes and Royalties to the State of Texas in 2014

The Texas oil and natural gas industry paid a record $15.7 billion in state and local taxes and royalties in 2014, the highest such collection from the oil and gas industry in Texas history, according to new economic data released by the Texas Oil & Gas Association (TXOGA) The oil and gas industry supports fully 41 percent of the Texas economy, up from 33 percent in the previous year.

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New Economic Impact Report Finds Hydraulic Fracturing Ban Would Cost City of Denton Millions of Dollars

A new economic impact study titled: “The Adverse Impact of Banning Hydraulic Fracturing In The City of Denton on Business Activity and Tax Receipts in the City and State” will be presented to Denton City Council on Tuesday.

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