Applauds Texas Oil & Gas Industry for Resilience during National Slowdown
Texas Insider Report: AUSTINTexas (FORT WORTH) - Railroad Commission Chairman David Porter today commended the Texas oil and gas industry for maintaining strong production levels even as oil and gas activity slows nationwide. Porter made his comments at the Dallas-Fort Worth Association of Lease and Title Analysts (DFW-ALTA) luncheon.
In 2014 we saw historic amounts of oil and gas production and weve sustained these record levels during 2015 Porter said. Because of Texas producers innovation and efficiency our states energy industry still employs tens of thousands of people in virtually every corner of the state providing jobs and income to countless families.
Porter - who leads the states energy regulatory agency - attributes much of Texas success to its world-renowned regulatory environment comparing it to other states with excessive burdensome regulations for the oil and gas industry.
We rely on stable free-market policies in Texas that encourage innovation and competition and prevent over regulation from hindering job creation and economic growth as weve unfortunately seen in other states like New York and California Porter said. The Railroad Commission has safely and efficiently regulated Texass oil and gas industry for almost a hundred years protecting public safety and the environment. As a result our states economy has flourished even during times of national economic hardship.
