March 23, 2020
The following can be attributed to Todd Staples, president of the Texas Oil & Gas Association.
“Although we face challenging and uncertain times, one thing remains certain, the world continues the need for abundant supplies of oil and natural gas. Our industry has proven nimble and innovative during challenging times, and we remain confident we can do so now. Recent suggestions that Texas should impose mandatory limits on the production of oil and gas in the state in an effort to stabilize the current market turmoil will likely result in other producers replacing curtailed Texas volumes. Proration is not a remedy TXOGA members are seeking, as it would disadvantage Texas, its producers, mineral owners and taxing entities. Regulatory certainty and stability are essential elements in managing during these difficult times.
While individual members may differ on approaches, TXOGA members remain committed to free market solutions. The mission of the Texas Oil and Gas Association is to promote a robust oil and natural gas industry and to advocate for sound, science-based policies and free-market principles.”
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.