TX SB782

Creates a severance tax exemption for oil and gas produced from "restimulation wells" — previously completed wells that receive hydraulic fracturing treatment to enhance production after initial decline

Exemption applies for up to 36 consecutive months following restimulation treatment, or until tax savings reach the lesser of actual restimulation costs or $750,000

Wells must have at least 60 months of prior production history to qualify; wells in enhanced oil recovery projects or wells never completed are excluded

Requires Railroad Commission certification that a well qualifies as a restimulation well, followed by Comptroller approval of the tax exemption application

Imposes civil penalty of up to $10,000 plus unpaid taxes for knowingly applying for the exemption for a non-qualifying well; applies to hydrocarbons produced on or after January 1, 2026