{"id":177786,"date":"2026-02-24T09:53:07","date_gmt":"2026-02-24T09:53:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/177786\/"},"modified":"2026-02-24T09:53:07","modified_gmt":"2026-02-24T09:53:07","slug":"texas-puts-its-pedal-to-the-mettle-with-new-oil-businesses-newsradio-740-ktrh","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/177786\/","title":{"rendered":"Texas Puts Its Pedal to the Mettle with New Oil Businesses | NewsRadio 740 KTRH"},"content":{"rendered":"

Every company wants to have a headquarters in Texas, especially if they deal in oil, finance and manufacturing, so it’s no surprise that Oklahoma petroleum companies are moving to the Lone Star State.<\/p>\n

But the Petroleum Alliance of Oklahoma’s President Brook A. Simmons says his state needs to take the defections of Devon Energy and Expand Energy as personal as well economic losses.<\/p>\n

Simmons said last week that Oklahoma has been raising oil and gas production taxes, and that’s led to companies considering moves to states with lower taxes.<\/p>\n

Houston is the third largest<\/a> metro area for corporate headquarters (after New York City and Chicago) and Dallas is home to airlines, Chase Bank, AT&T and the Nasdaq, and Texas is known for one of the most pro-business economies in the nation.<\/p>\n

“As one oil and natural gas CEO said, ‘The Houston skyline is a monument to poor public policy decisions in Louisiana and Oklahoma,'” Simmons wrote.\u00a0<\/p>\n

Fort Worth-based Pecos Operating’s Rey “R.T.” Trevino says it may be true, the Sooner State may have let tax rates run a little too high.<\/p>\n

And the effects on Oklahoma could be serious because “the reduced corporate activity could strain [the state] budgets even more, and could potentially affect funding for things like education, infrastructure and public services.”<\/p>\n

And while he notes that “Okahoma views these moves as rooting in policy failures,” it’s also a simple fact that the Texas oil business is strong and “Houston is considered one of the epicenters of long-term stability,” both in and out of the oil and gas business. <\/p>\n","protected":false},"excerpt":{"rendered":"Every company wants to have a headquarters in Texas, especially if they deal in oil, finance and manufacturing,…\n","protected":false},"author":2,"featured_media":177787,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[56,58,57,66,223,27],"class_list":["post-177786","post","type-post","status-publish","format-standard","has-post-thumbnail","category-houston","tag-houston","tag-houston-headlines","tag-houston-news","tag-local","tag-news","tag-texas"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/177786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=177786"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/177786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/177787"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=177786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=177786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=177786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}