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Scurry County minerals update: officials report production declines and warn of valuation ‘circuit breaker’ impact
Summary
County staff presented a minerals market update showing recent declines in oil and gas production and prices, and warned that Texas' statutory cap on assessed-value increases could reduce taxable mineral value by tens of millions, affecting county budgets.
County staff briefed commissioners on an appraisal-group minerals update and projected fiscal effects on county revenues.
The presentation summarized local mineral holdings and production: county staff reported 536 leases, 2,322 wells and 68 operators. The packet cited roughly 11,000,000 barrels of oil production in 2024 (speaker…
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