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Oil & Gas Economic Impacts
1. Overview of drilling2. Drilling activity staff is seeing3. Potential revenue
Purpose
Eagle Ford Shale
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
County & City Activity
Four Sources of Potential Revenue
Mineral Leases = Royalties
FY12 & FY13 = $5,100
CoCS Mineral Revenue
Equipment & Mineral = Ad Valorem
Capitol Appraisal Group, LLC 12
CoCS Total net taxable value = $6.7B Mineral net taxable value = $3.8M
◦ Minerals = <1% of total net taxable value
People = Sales Tax & HOT Tax
Regulatory Agencies Texas Railroad Commission (RRC)
◦ Permitting◦ Monitoring◦ Inspecting◦ Compliance◦ Investigating Complaints
Questions?
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