AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued a statement on the House passage of HB 5, the Texas Jobs & Security Act, authored by Chairman Todd Hunter, which would create a new, modern economic development program:
“There is no reason Texas—the 9th largest economy in the world—should be reliant on other nations for the products we need. HB 5 will help onshore the supplies our citizens rely upon and provide our school districts and local communities with the same tools used by other states in order to keep Texas competitive, attract jobs, generate tax revenue, and help fund education.
“We applaud members of the House for voting to approve this critical legislation, and encourage the Senate to help grow the state’s manufacturing base by also passing this new economic development program to keep Texas leading.”
In February, TXOGA issued a statement in support of HB 5 when it was filed.
Founded in 1919, TXOGA is the oldest and largest oil and gas trade association in Texas representing every facet of the industry.