April 21, 2020
The following can be attributed to Todd Staples, president of the Texas Oil & Gas Association.
“Today, the Railroad Commission made the right decision to not vote on government-mandated oil production cuts. We appreciate the Commission’s interest to support producers, but proration would make matters worse, not better. Producers are acting to reduce production, and the state and federal governments are exploring additional options to assist. We applaud the Commissioners for maintaining regulatory certainty, which is essential to economic recovery, and encourage them to focus on recovery not on creating a cartel.”
Founded in 1919, TXOGA is the oldest and largest trade association in the State representing every facet of the Texas oil and natural gas industry.