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Oil Jump Upsets at Pumps, Helps States Led by Texas Plug Holes

Texas’s Eagle Ford oil field on the southern prairie is boosting energy-tax revenue in the biggest oil-producing U.S. state, generating $40 million in receipts last year.

“This is a great addition to the state’s reserves,” said Dominique Halaby, who directs the University of Texas at San Antonio’s Community and Business Research Center and who has studied the field’s economic effects. It may yield another $800 million in state receipts, he said. “It’s a game-changer.”