Tex. Tax Code § 201.105
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The taxable value of liquid hydrocarbons other than condensate is the producer's total gross receipts for all liquid hydrocarbons, including condensate, recovered from gas produced by him less the taxable value of the condensate recovered from that gas.
Tex. Tax Code § 201.105