Other countries manage to have economies without the US government running everything so, yes, I imagine it's possible. Texas is not particularly high in federal spending received nor particularly low in federal taxes paid.
And I think we can manage to keep the oil and uranium bubbling up from the ground without help from the federal government.
If your uranium is bubbling up from the ground, you have bigger problems than your tax rates.
But it do.
Uranium Energy Corp. (UEC) began in-situ leach mining at its Palangana deposit (grading .135% U3O8) in Duval County in 2010. Uranium loaded resins from that ion exchange facility are processed into yellowcake at the company's Hobson processing plant. In late 2012, UEC completed the permitting and approval process for the Goliad ISR mining and ion exchange facility in Goliad County.[61]
https://en.wikipedia.org/wiki/Uranium_mining_in_the_United_States
http://www.world-nuclear.org/inform...-uranium/in-situ-leach-mining-of-uranium.aspx