Upstream Texas - Spring/Summer 2012 - (Page 10)
PROGRESS COMES WITH
PRESIDENT – TEXAS INDEPENDENT PRODUCERS AND ROYALTY OWNERS ASSOCIATION JFURNACE@TIPRO.ORG
WITH MORE THAN 100 years of strong oil and natural gas development in the Lone Star State, we have a history of doing it right. And over that period of time, the Texas Railroad Commission has evolved to become the premier regulatory body in the country.
It’s as simple as looking at the record. For over 60 years, hydraulic fracturing has been an environmentally safe process utilized by the oil and gas industry in Texas. More than 1.25 million wells have been drilled in our state. Throughout that time, the Texas Railroad Commission – the agency responsible for overseeing state industry operations – has confirmed no instances of groundwater contamination from fracing. The Texas Railroad Commission has effectively regulated industry operations in the State of Texas since 1919, allowing the agency to boast of unparalleled knowledge of the oil and gas industry. Along with the Texas Commission on Environmental Quality, these state agencies ensure compliance and offer proper oversight based on verifiable science. Nonetheless, despite a solid history of successful state regulation, our federal government seems determined to impose additional overly burdensome regulatory structure that, put simply, is unnecessary. In the last couple of years, federal agencies like the U.S. Environmental Protection Agency (EPA) and U.S. Fish & Wildlife Service (USFWS) have attempted to heap needless, costly regulations on oil and gas operations. They are taking unprecedented liberties with their authority by implementing regulations that should require congressional action to initiate. Although most federal agencies are an extension of the executive branch, and should strive to implement reasonable, scientifically justifiable regulations consistent with sustainable economic development, clearly these agencies are failing to meet these goals. Proper oversight of industry operations needs to remain in the hands of individual states, which are fully capable of maintaining regulatory control of oil and gas activities. Not only are states able to enforce policy, they can enact rules based on specific geologic conditions of the land. As each region of the country has a variety of geological characteristics, with different formations in each state, it is important that state officials provide appropriate restrictions applicable to the area of activity, rather than federal regulators. TIPRO will remain diligent in efforts to keep industry regulation at the state level, where it belongs. Our association will also continue to work hard to educate regulatory officials, lawmakers and the public on the need for domestic exploration and production. Our society needs oil and gas to function, and we must help more to appreciate the important role oil and gas plays in supporting our daily lifestyles – from allowing us to turn the lights on to drive our cars. We need affordable, low cost energy, particularly in these times of economic uncertainty. Development of natural resources offers real economic beneﬁ ts. However, to enjoy the full advantages of increased production, we must have support of the government and the public to keep the industry producing. This support will allow independent producers to continue providing economic stability to Texas and the nation.
More than 1.25 million wells have been drilled in our state. Throughout that time, the Texas Railroad Commission – the agency responsible for overseeing state industry operations – has confirmed no instances of groundwater contamination from fracing.
UPS T REAM T EX AS S P R I N G | S U M M E R 2 0 12
Table of Contents for the Digital Edition of Upstream Texas - Spring/Summer 2012
Economic Lifeline - Even in recession, the oil and gas industry offers hope for prosperity
Tax Incentives: An Inside Look - The real-life consequences of threatening political rhetoric
Calendar of Events
Index to Advertisers/ Advertiser.com
Upstream Texas - Spring/Summer 2012