Lower crude oil prices are starting to drain on tax revenues for some of the top producers in the country, a federal data review found. State reports on the direct impacts of lower crude oil prices are mixed, though some of the top shale oil and gas producers have touted positive momentum from diversified economies. The U.S. Energy Information Administration in a review of state data show for Texas, the nation’s top oil producer, tax revenues from energy are down about 50 percent year-on-year. The report found that, despite negative pressure from revenues, the state’s economy is more diversified than other oil producers. “Texas can likely respond to the lower severance tax receipts without drastic changes to […]