Oil and natural gas development is one of the state’s largest supporters of the Texas education system. In 2018, Texas school districts received $1.24 billion in tax revenues and royalties from activities associated with oil and natural gas production.
Texas has two of the largest endowments in the country, thanks to royalties from oil and natural gas production on university lands. This comprises the Texas Permanent Schools Fund (PSF) valued at $44 billion and the Permanent University Fund (PUF) valued at $22.6 billion.
In addition, oil and natural gas producers across the state have contributed millions of dollars in private donations and philanthropy efforts to support educational programs statewide, including projects focused on science, technology, engineering and mathematics (STEM) subjects.
Several organizations within oil and natural gas support scholarships for women interested in energy. For example, the Women’s Energy Network of Houston offers several academic scholarships for each year for women who want to pursue a future in oil and natural gas.