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Natural gas growth keeps on truckin’ in Texas

Natural gas continues its boom in Texas as Railroad Commissioner David Porter announced Thursday that fleets are purchasing natural gas to fuel their vehicles in record numbers, according to new numbers from the state Comptroller’s office.

During the commissioner’s Fort Worth Texas Natural Gas Workshop, hosted by the TCU Energy Institute, Porter caught everyone up on the latest statistics involving natural gas consumption. Porter reported tax revenue from sales of compressed natural gas (CNG) and liquefied natural gas (LNG) motor fuel totaled $3,033,600 as of May 31 for FY 2015.

“Natural gas vehicles are becoming main stream faster than expected. These collections are nearly double the amount collected last year at this time,” Porter said. “At 15 cents per gallon equivalent, $3,033,600 of motor fuel tax equates to the sale of 20,224,000 gallon equivalents of natural gas.” Porter told listeners. A “gallon equivalent” is the amount of CNG or LNG with the same energy content as a gallon of gasoline or diesel fuel.

In related news, The remarkable growth of Texas natural gas fueling stations.

In March, the RRC observed that operational natural gas fueling stations increased 25 percent since September 2014. On Thursday Porter updated the total number of operating natural gas fueling stations to 137, up 7 from only three months ago. He also stated that an additional 44 stations are coming on line in the next 12 to 18 months. Overall, Texas CNG and LNG sales increased 78 percent over the fiscal 2014 year.

“A quick glance at the Texas Natural Gas Refueling Map shows how much progress industry has made in creating the infrastructure needed for fleet operators to take advantage of the cost savings and energy-security benefits of this abundant, domestic fuel,” the commissioner said.

Commissioner Porter launched his Texas Natural Gas Initiative in 2013 to encourage the adoption of natural gas fuel in the transportation and exploration and production sectors. Today’s workshop in Fort Worth was the second in his series of statewide events this year. The final 2015 workshop will be held on August 12 in Spring, Texas. For more information, contact Mary Bell at 512.463.9057.

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