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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 08, 1940
Page
7
Texas oil production fuels broad earnings as 245 of 254 counties share in leasing and exploration profits. Dry holes, lease bonuses, and rentals totaled tens of millions for landowners. Local governments and the state rely on oil revenue, with 9.3 cents per barrel paid as tax in 1938.
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