Chairman David Porter Addresses Dallas-Fort Worth Association of Lease and Title Analysts
Applauds Texas Oil & Gas Industry for Resilience during National SlowdownMarch 15, 2016
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 we’ve sustained these record levels during 2015,” Porter said. “Because of Texas producers’ innovation and efficiency, our state’s 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 state’s 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 we’ve unfortunately seen in other states, like New York and California,” Porter said. “The Railroad Commission has safely and efficiently regulated Texas’s oil and gas industry for almost a hundred years protecting public safety and the environment. As a result, our state’s economy has flourished, even during times of national economic hardship.”
Texas Railroad Commission Chairman David Porter was elected statewide by the people of Texas to serve as a member of the Commission in November 2010. A Certified Public Accountant and successful small business owner, Chairman Porter has worked with oil and gas producers for nearly three decades providing strategic financial advice and tax counsel. He is the senior member of the Commission with a proven record of principle-driven, free market conservative leadership.
About the Railroad Commission:
Our mission is to serve Texas by our stewardship of natural resources and the environment, our concern for personal and community safety, and our support of enhanced development and economic vitality for the benefit of Texans. The Commission has a long and proud history of service to both Texas and to the nation, including almost 100 years regulating the oil and gas industry. The Commission also has jurisdiction over alternative fuels safety, natural gas utilities, surface mining and intrastate pipelines. Established in 1891, the Railroad Commission of Texas is the oldest regulatory agency in the state. To learn more, please visit http://www.rrc.texas.gov/about-us/.