STARR Progress Report

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2014

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The State of Texas Advanced Resource Recovery program (STARR) has achieved its primary goal of boosting severance tax revenue for the State through research projects aimed at promoting the drilling of profitable oil and gas wells. Currently, the Bureau of Economic Geology (BEG) receives state funding to conduct research that aids oil and gas operators in either establishing new production or enhancing existing production across Texas. STARR operates under the mandate of being revenue neutral, meaning that the revenue generated from STARR projects must at least match the funds allocated by the Legislature. This progress report provides a detailed summary of the accomplishments of Project STARR over the past two years, from September 1, 2012, to August 31, 2014. According to the methodology approved by the State of Texas Comptroller's office, the credit attributed to the STARR program for the 2012—2014 biennium amounts to $140,766,560 (see table 1). With total income of $9 million over the current biennium, STARR demonstrates a positive revenue impact of 15.6. To date, the STARR program has concluded or is actively engaged in over 60 field (reservoir characterization) studies (see figs. 1 and 2). Figure 2 highlights 23 significant new reservoir characterization studies conducted during the 2012—2014 biennium. Additionally, STARR has initiated 8 new regional studies, encompassing areas such as the Eaglebine trend in southeastern Texas Gulf Coast, as well as the Cline Shale and Wolfcamp and Spraberry Formations in the Permian Basin of West Texas (see fig. 3). Furthermore, STARR includes eight supplementary program elements that complement the Oil and Gas Resources program. Each of these elements targets research relevant to critical economic opportunities or challenges in Texas concerning natural resources or geological conditions. These elements encompass geothermal resources, water-related issues affecting the Texas economy, mineral and earth resources, geological hazards, energy economics, baseline mapping for oil spill response, economic implications of environmental flows, and analysis of water-energy nexus issues.

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