19 Burst results for "Texas Railroad Commission"

"texas railroad commission" Discussed on KSFO-AM

KSFO-AM

03:20 min | 7 months ago

"texas railroad commission" Discussed on KSFO-AM

"The Texas Railroad Commission, which is our oil and gas governing body. Yeah, I want to get into that here in just a moment. Uh, but as regards that what are the political issues here? Are we talking about environmental issues, alternative energy issues. Too much or not enough reliance on fossil fuel too much or not enough reliance on wind or solar or whatever, since you mentioned politics, and it just seemed to be a factor here. What is the political if you will dividing point? So all of those questions are in the mix. Um, in depending on your, you know, political orientation. Uh, they get bandied about one way or another. Yes. So they're they're the fossil fuel producers, you know, are taking the position that, of course, fossil fuels or more reliable. Now again, some of this is due to the fossil fuels supplied. Generation plants not being able to operate or the supplies not getting there because supply chains or challenged right now, other people are pointing to. Well, wind. Energy is not very reliable in an event like this, and there been anecdotal reports about these turbines going down, so the people who are against wind energy or pointing to that On the other hand, people are saying Well, look, Climate changes. What's creating these historic epic events? You know, we're gonna have to deal with these over and over again. Hurricanes, um, tornado of, uh, you know, drought. Uh, you know, unprecedented cold snaps because we're just stabilizing the climate. So all of these things are in the mix and bet it base. You know, I'm an engineer at heart. And what I know is that our equipment wasn't designed for this shouldn't have been And should it be in the future? Those of the questions we need to get to and and a follow up question to that, of course, would be How? How expensive would it be to prepare for what might be a once in several decades event? Yeah, Excellent question. And again. I think we need an inquiry into exactly the facts and figures that would lead us to a well reasoned decision on this point. I'll also note that you know, Texas stands alone on on this grid issue because it wanted to avoid the federal regulations that require us to have enough backup capacity to where we can avoid these events and to avoid a regulated electric market. So some of this is, um you know, a result of Ah, highly deregulated and somewhat ad hoc system that we have down here, Um You know it's there. It's new. England doesn't go down in times like this to this extent for this long and so I think there's something Texas needs to learn from this. We continue our discussion with the Cuesta Castaneda and engineer oil and gas attorney and 2020 candidate for the Texas Railroad Commission, which is, she notes, in fact, does oversee oil and gas drilling in Texas. 186650 Jimbo, It will be back in a moment. Find quality candidates fast with indeed. Instant match. Indeed, searches through millions of resumes in their database to deliver candidates of.

2020 Texas Railroad Commission millions England one resumes 186650 Jimbo Cuesta Castaneda Texas
"texas railroad commission" Discussed on KUGN 590 AM

KUGN 590 AM

02:02 min | 7 months ago

"texas railroad commission" Discussed on KUGN 590 AM

"The people who are against wind energy or pointing to that, On the other hand, people are saying well look, Climate changes. What's creating these historic epic events? You know, we're gonna have to deal with these over and over again. Hurricanes, tornadoes, You know droughts, uh, you know, unprecedented cold snaps. Because we're just stabilizing the climate. So all of these things are in the mix and that it base you know, I'm an engineer at heart. And what I know is that our equipment wasn't designed for this shouldn't have been And should it be in the future? Those of the questions we need to get to and and a follow up. Question to that, of course, would be how how expensive would it be? Prepare for what might be a once in several decades event. Yeah, Excellent question. And again. I think we need an inquiry into exactly the facts and figures that would lead us to a well reasoned decision on this point. I'll also note that you know, Texas stands alone on the on this grid issue because it wanted to avoid the federal regulations that require us to have enough backup capacity to where we can avoid these events and to avoid a regulated electric market. So some of this is, um you know, a result of Ah, highly deregulated and somewhat ad hoc system that we have down here, Um You know it's there. It's new. England doesn't go down in times like this to this extent for this long and so I think there's something Texas needs to learn from this. We continue our discussion with the Crystal Castaneda and engineer oil and gas attorney and 2020 candidate for the Texas Railroad Commission, which is, she notes, in fact, does oversee oil and gas drilling in Texas. 186650 Jimbo and will be back in a moment. Find quality candidates fast with indeed, instant match. Indeed, searches through millions of resumes in their database to deliver candidates of.

Texas Railroad Commission 2020 Crystal Castaneda 186650 millions England Texas Jimbo
"texas railroad commission" Discussed on WGN Radio

WGN Radio

02:02 min | 7 months ago

"texas railroad commission" Discussed on WGN Radio

"The people who are against wind energy or pointing to that On the other hand, people are saying Well look, Climate changes. What's creating these historic epic events? You know, we're gonna have to deal with these over and over again. Hurricanes, um, tornadoes, you know, drought. Uh, you know, unprecedented cold snaps because we're just stabilizing the climate. So all of these things are in the mix and that it base you know, I'm an engineer at heart. And what I know is that our equipment wasn't designed for this shouldn't have been And should it be in the future? Those of the questions we need to get to and and a follow up question to that, of course, would be How? How expensive would it be to prepare for what might be a once in several decades event? Yeah, Excellent question and again, I think we need and an inquiry into exactly the facts and figures that would lead us to a well reasoned decision on this point. I'll also note that you know, Texas stands alone. I'm on this grid issue because it wanted to avoid the federal regulations that require us to have enough backup capacity to where we can avoid these events and to avoid a regulated electric market. So some of this is, um you know, a result of Ah, highly deregulated and somewhat ad hoc system that we have down here. Um, you know, start It's new England doesn't go down in times like this to this extent for this long and so I think there's something Texas needs to learn from this. We continue our discussion with the Crystal Castaneda and engineer oil and gas attorney and 2020 candidate for the Texas Railroad Commission, which is, she notes, in fact, does oversee oil and gas drilling in Texas. 186650 Jimbo and will be back in a moment. Find quality candidates fast with indeed, instant match. Indeed, searches through millions of resumes in their database to deliver candidates of.

Texas Railroad Commission 2020 Crystal Castaneda millions Texas England 186650 Jimbo
"texas railroad commission" Discussed on KTRH

KTRH

01:42 min | 10 months ago

"texas railroad commission" Discussed on KTRH

"The oil patch radio show is proud to bring you this week's energy minute. Produced by shale mag dot com. Here's Texas Railroad Commissioner Ryan Sitting with your current industry update. The United States had 310 drilling rigs running at the end of last week, down to from the prior week. Texas recounts decreased by one ending last week at 144. The Texas Railroad Commission issued 81 drilling permits last week, keeping the 10 Week rolling average at 106. Natural gas prices decreased by 30 cents, averaging $2 in 67 cents. For MMBtu, West Texas Intermediate crude prices increased by $2.29 averaging $42.42 a barrel and gasoline prices across Texas decreased two cents to end last week at an average of $1 in 79 cents a gallon. This is Ryan sitting and that's your energy data minute. Listen to in the oil patch radio Sundays at 8 P.m. on NewsRadio, 7 40 ktrh and simulcast on the I Heart radio app and keep up with the old and gas industry online at shell mag dot com. Good evening, everyone. You're in the right place at the right time. This is coast to coast Am blasting out of the Mojave desert like a shar Rocco blazing across the land.

Texas Ryan Sitting Texas Railroad Commission West Texas Intermediate Mojave desert United States Commissioner Rocco
"texas railroad commission" Discussed on WBAP 820AM

WBAP 820AM

02:27 min | 11 months ago

"texas railroad commission" Discussed on WBAP 820AM

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Texas Josh Pearl Texas Railroad Commission Jim Echo Park Eyman Frisco Stone Briar Mall Dallas Self Juliet Equitable Administration Michael
"texas railroad commission" Discussed on WBAP 820AM

WBAP 820AM

01:31 min | 11 months ago

"texas railroad commission" Discussed on WBAP 820AM

"It's hard to find agreement on just about anything. But when it comes to our economy, Texas is Juliet, right? Weathering the storm. Thanks to pro jobs leadership, the Texas Railroad Commission can help lead our recovery. Jim Wright is right for the job. Self made Texan knows a ranch in oil and gas. Transportation knows we need smart regulation, not big government strangulation, common sense. Get it done. Do it right, Texas. Right, has vowed to restore trust in the Commission Fair and Equitable Administration, finding common ground, bringing industry and consumers to table bringing the public and private sector together. Growing Texas jobs doing right by every day, Texas Jim, Right, right size, regulation smart and fair, free and open economy. Wide paths to prosperity for Texas Railroad Commission. Write it down Jim right, political and paid for by Texas. Not back. Not sure if you saw President Trump's recent tweet, but he's urging you to watch his upcoming rallies on Newsmax TV, Fox News and other networks. They don't run all his rallies live but Newsmax TV does. NEWS MAGS TV, THE fastest growing cable news channel in America. Everyone's talking about it. And every night you need to watch the latest from Greg Kelly, Sean Spicer Stench field. They're exposing the hunter Biden laptop cover up. Plus, Newsmax is talking to people like Dick Morris, Rudy Giuliani, Alan Dershowitz, Diamond.

Texas Texas Railroad Commission Jim Wright Jim Greg Kelly Juliet Dick Morris President Trump Biden Equitable Administration Alan Dershowitz Sean Spicer Self Fox News Rudy Giuliani America
"texas railroad commission" Discussed on WBAP 820AM

WBAP 820AM

01:31 min | 11 months ago

"texas railroad commission" Discussed on WBAP 820AM

"Stores here in the Metroplex one down in Waco as well Go to good for afters dot com for more information. These days. It's hard to find agreement on just about anything. But when it comes to our economy, Texas is Juliet, right? Weathering the storm. Thanks to pro jobs leadership, the Texas Railroad Commission can help lead our recovery. Jim Wright is right for the job. Self made Texan knows Ranching in oil and gas. Transportation knows we need smart regulation, not big government strangulation, common sense. Get it done. Do it right, Texas. Right, has vowed to restore trust in the Commission Fair and Equitable Administration, finding common ground, bringing industry and consumers to table bringing the public and private sector together growing Texas jobs doing right by every day, Texas Jim, Right, Right size regulation smart and fair, free and open Economy. Wide path to prosperity for Texas Railroad Commission. Write it down, Jim, right political and paid for by Texas not back balance of nature's fruits and vegetables in a capsule changing the world one life at a time. I love this product. Fantastic Polio survivors, and I'm a microbiologist on Guy Teach. Margaret Wilde dated college on one of the problems with post polio syndrome, and I researcher is petite. I have no fatigue because of.

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"texas railroad commission" Discussed on KTRH

KTRH

02:25 min | 1 year ago

"texas railroad commission" Discussed on KTRH

"Hear from industry experts, elected officials and many more right here on any oil patch. Welcome to in the oil patch radio show. I'm your host, Kimble Otto, along with my Trustee co host David Blackman. We have another great show lined up for you. We're going to be joined by Brooke Simmons, who is the president of the Petroleum Alliance of Oklahoma. But first before we catch up with Brooke, I'd like to welcome on Commissioner Christie Craddick, the Texas Railroad Commission. Christie, Welcome to in the oil patch radio show. Thanks for having me appreciated. A lot going on in the energy world. Today, there is and Texas has three commissioners in the railroad. Basically, the function is everything oiling. Yes, it's extremely important role that you play. With how Texas looks and regulates the oil and gas energy sector. And I wanted to bring you on this show today because one you guys have experienced a lot in the last In a couple of months, with so much happening in the oil and gas sector, But you've also been very vocal on posting on your social media page things that really have gained my attention, like what's happening in Venezuela and what's happening. With the Joe Biden task force. Now that they're unveiling this climate change guidance, So let me start with that question. Basically, it seems as though Biden has accepted Sanders Test force climate change plan and one of them. That really caught me by surprise in this whole entire task force recommendation is that they're discussing climate change to include a net zero economy wide admission banned by 2050 and carbon powered Vehicles by 30 35 will be technology neutral standards for clean energy and energy efficiency, meaning That half a 1,000,000 school buses will be zero admission vehicles within five years, and that will have 500,000 another half a 1,000,000 changing stations. In all these different states by local governments, the state governments, and my question is, is this even possible? And I want to get your thoughts on what is a zero emission vehicle. I think I'm not sure that a zero emission vehicles exists. Number one. So I think what people forget is Energy is important, everybody right?.

Commissioner Christie Craddick Joe Biden Texas Brooke Simmons Kimble Otto Texas Railroad Commission David Blackman Trustee Petroleum Alliance Oklahoma Venezuela president
"texas railroad commission" Discussed on KTRH

KTRH

04:49 min | 1 year ago

"texas railroad commission" Discussed on KTRH

"Resident energy experts at David before the break we were taught that you give us an update on what's happening at the Texas railroad commission and the hearings that they had had no let's switch gears we're starting to see outcomes now of what we knew was coming hi at and you know could be an avalanche of them warm we could see a trickle which companies as of right now have filed for bankruptcies which ones are getting ready to and how many hundreds or how many bankruptcies will we see in the coming months where you might pull out your crystal yeah it's it's there will be a lot of bankruptcies I think a lot of time at like a hundred are you are we talking about thirty if you remembered twenty fifteen twenty sixteen we we had about two hundred upstream companies declared bankruptcy during that last I suspect this best will be that bad or worse last week we saw diamond offshore drilling company one of the big offshore drilling companies in the country declared chapter eleven so they're reorganizing just they're reorganizing due to the crash on Thursday morning news broke that Chesapeake energy that Oklahoma City is about to declare bankruptcy are they doing a lot into or they just gonna assume it'll be a chapter eleven reorganization you know that was not surprising Chesapeake has been catering on the brink of bankruptcy for several years now they have you know their management team as his work really hard to avoid it and I hope you know they had a a bigger percentage of their all volumes actually change this year at about fifty dollars a barrel and I hope that would help them weather the storm but apparently that's not going to happen we sold if they're going to have to go through bankruptcy and that of course will mean more layoffs at that company and you don't think this is just the tip of the iceberg with prices this low for any extended period of time are you have so many of these companies that were already you know struggling to be profitable at fifty dollars a barrel when you're talking about I guess today at seventeen dollars a barrel well you know that's a seventy five percent reduction in cost rates also a big reduction in your residence so I you know I hate to speculate very many companies that use your expected declared bankruptcy because you hope and pray they can all avoid it but by no many of them won't be able to we just have to realize that and it's going to be a very difficult time for the next several months here here the old business and you know a lot of I think a lot of people not Chris let our listeners but it a lot of people don't recognize realize that's it so yes so the energy industry we hate big oil anyway and so what if they get laid off maybe it'll shut their doors and not trail but then it has synced trickle down effect to those people to yeah so quickly just tell us what happens when all these people start getting laid off to the state of Texas well it you know it obviously it creates a real unemployment problem here in Texas you are people who can't work if you don't have jobs end up losing homes and you know you have a lot of lenders who loan money to those folks that have consumer debt that doesn't get carried in Baghdad to doesn't get priced cars get repossessed you know and they gave him it also just devastates the state government's reckless if you're going to have severe reductions and sales tax collections in the state of Texas they have severe reductions in the state severance tax on oil and gas which funds the state's rainy day fund by the way and that diminishes the ability of the state government to balance its budget without cutting jobs out of the state government is talking about school fundraisers and blind right richer said and you know the state of Texas Estefan Medicaid programs and other health care programs and education programs of various sizes and large so just don't despair and and the other thing that gets killed use the local businesses to cafes and restaurants and clothing stores and convenience stores in these communities I have seen all of this or gas activity over the past several years you know all.

David Texas railroad commission
"texas railroad commission" Discussed on KTRH

KTRH

02:44 min | 1 year ago

"texas railroad commission" Discussed on KTRH

"And we're back our guest today is Dave a black man the editor of shell magazine I'm David before the break we we were talking a lot about current global things are happening in DC and that the trump administration trying to help the energy industry obviously Texas is the most vulnerable state if you will if the energy industry should completely tank this great state of ours has a lot to lose because of it and the Texas railroad commission is the regulatory body that actually regulates energy industry in there had been some discussion we've covered in the past couple of weeks about them possibly getting involved do they have anything in there a tool kit to try to help stop this bleeding and help independent operators and it was a hearing that we both listen to you but it was also a very interesting hearing all day give me the updates on you know what is happening right now I believe commissioner Ryan Sitton who does some of our energy minutes here put out a blog get up to speed on what's happening with the yes with the energy industry here here yeah the commission will consider a draft order that commissioner certain S. proposed it is posted at the road commission's website what did what Mister sinister motives proposed would be a Hey probation eighty percent he would limit each operator's overall production in Texas eighty percent of what it was in October of twenty nineteen so October last year when production was very high a twenty percent reduction in that and then that would be determined on a monthly basis until commissioners certain sales the the the commission would monitor global demand until it returned to at least eighty five million barrels of oil per day which shop in January on January first the man was roughly a hundred million barrels a day right now it's probably about seventy five million barrels a day or so some will be a short term approach the problem just limiting production in Texas trying to delay the over filling of of storage capacity until demand begins to to really return globally I reached out to all the trade associations in Texas and several other organizations yesterday ought to gauge their reactions to the proposal.

Dave editor shell magazine David DC Texas Texas railroad commission Ryan Sitton commissioner
"texas railroad commission" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:35 min | 1 year ago

"texas railroad commission" Discussed on WNYC 93.9 FM

"Way down in fact there was hardly any this part might sound familiar the collision of massive supply with almost no demand crater oil prices oil went to five cents a barrel but the wildcatters kept on pumping and there was no coordination no regulation even though the Texas railroad commission was empowered to do something that's right the railroad commission is the agency that regulates Texas oil and gas and by nineteen thirty one big oil companies demanded that the commission act so it ordered the wildcatters to stop pumping now how do you think they took that all of these small independents rebels and just simply founder knows use you know you and whose army is going to stop this that's when the governor sent eight hundred national guardsmen and the company of Texas Rangers and they literally have to go after rifles with bayonets to go and check and make sure that their wealth was shut down eventually the troops were replaced by railroad commission staff but this was during prohibition a lot of people have become very good at transporting illegal liquids decades later Joe Kinsey talked about it for the East Texas oral history project a little little refineries were they pay cash flow when it came in they sell the gasoline J. sure no real record might eventually the railroad commission gain control and its power grew it started working with other states to set production levels and prices not just in the U. S. but around the world so from the nineteen thirties until nineteen seventy two essentially the railroad commission was the most important institution in the world of oil David Prindle is a government professor at UT Austin he says in nineteen fifty one the head of Venezuela's energy sector looks to Texas for inspiration he hired the chief engineer of the road commission named Jack by mail to come to Venezuela and show him and then show the oil minister of Saudi Arabia how it was done it was the start of the organization of the petroleum exporting countries OPEC was explicitly modeled on the Texas railroad commission as more oil was found around the world OPEC gained power and the railroad commission lost it the commission stop capping Texas production in the early seventies and it's never even considered again until now amid an economic crisis and a huge glut of oil a lot like they had back in nineteen thirty one.

Venezuela East Texas OPEC Saudi Arabia Jack chief engineer Texas railroad commission Austin professor David Prindle Joe Kinsey Texas Rangers founder Texas
"texas railroad commission" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:10 min | 1 year ago

"texas railroad commission" Discussed on Bloomberg Radio New York

"Useful thing to do for a you recall when I first joined the industry the Texas railroad commission was very active in managing production and they may well do that but even venison combined with the cost of the being promised by okay plus will be given to say only ten percent of all for those who supply whereas we are producing probably thirty percent too much at the moment so it'll help and none of that stuff yet it will help underpin the price a bit but the price I think will be sluggish for a very long time and you brought up OPEC plus there is conversation that they're gonna move their cuts forward maybe even take a deeper you know the eight half million barrels of oil a day OPEC's not or Saudi Arabia's not really wanted to go below that but maybe that could happen anything like that do bigger dance in our help price support even more well I think you really have to dentists production a law to support the price but in the end that's not sustainable and it's exactly what we saw an eighty five to eighty six you know and eventually the counseling office technical people opened up the camps and the prices will stay low for about seventeen years there often and there was a low level so it depends on the registration Dimond at the moment I think well I says Hey I think I called to see this growing very steeply for a very long time so I think all of these attempts yes yeah a little brown could you help me understand like the roadmap to then stronger demand is in does the gasoline gasoline inventories need to come down then refining margins improve then we finally soak up some of the oil in the market when we talk about demand recovery what's the actual process of that well it is just that the state is underlying dimanche economic activity bear in mind that the the rate of growth of GDP determines the rate of growth and oil.

Texas railroad commission OPEC Saudi Arabia Dimond
"texas railroad commission" Discussed on World Oil's Daily Brief

World Oil's Daily Brief

14:01 min | 1 year ago

"texas railroad commission" Discussed on World Oil's Daily Brief

"I'm Cameron Wallace. And today's Wednesday April fifteenth the day after the hearing of the Texas Railroad Commission on the subject of prorogation and I think a day three of the OPEC plus agreement as well so to talk about all of these developments. We are joined by. Kurt Abraham Editor in chief of world oil magazine. Kurt thanks for being with us today. Thank Cameron and Good afternoon to those of you. Who are going to hear this shortly in the middle of the US in this time zone but interesting developments All over the place We have developments obviously from yesterday's railroad commission meeting in terms of what was said now. There's no definitive action taking place yet. But it certainly wasn't day for various forms of commentary We have some Continued actions by the Saudis going on which will impact things. And of course we always Lead this whole thing with the numbers for the day we were specifically to the oil market number is in the Dow Jones because the two seemed to track each other. All the time Yes let's see actually back on Monday when we last talked everyone we were at Dow of about twenty three thousand three ninety and that actually had a nice rise yesterday on the fourteenth to about five hundred hundred sixty points up to twenty three thousand nine hundred fifty and then today we had a fallback of about four hundred forty five points back down at twenty three five four. Now some of that has to do with Some developments on the cove nineteen but some of it continues to have to do with the oil price and various things happening or not happening now. Oil Price For its part was about twenty to forty one on Monday the thirteenth. Yesterday it slipped down to twenty dollars and eleven spence a barrel that was minus one dollar and thirty cents and today we have a preliminary figure. We're not sure that this will be the final figure. So don't anybody get to riled up or upset just yet but it's possible that the price will fall under twenty dollars a barrel. We have a preliminary figure from the Nymex of nineteen dollars and eighty seven cents but that could be revised a little bit higher. So we'll wait and see but you know obviously not looking too good and so that's the situation on the fundamentals front now Cameron you were referring earlier when you and I were discussing some the content for today to Some of the things the Saudis are up to. You Might WanNa just elaborate on that. Yeah just real quickly the OPEC PLUS DISCUSSIONS. That happened a few days ago. The production cut agreements that they settled upon. I guess don't actually begin until may the first and so in honor of that Date Saudi Saudi Arabia has been producing oil as rapidly as a can right up until that point and so they've been keeping the the oil taps open and they've also been doing some of very heavy discounting to Asian customers at the same time for future deliveries. So I guess they're using this opportunity to steal a much market share as they can and get as much out of the ground as possible before the agreement kicks in as you said it not exactly in the spirit of the agreement so hopefully they'll I guess got fifteen more days sixteen more days to do that if that's what they're going to do but hopefully they and everybody else will be ready to follow the rules. Come the first but also raises a question or the specter of storage as well. I know that From the stuff. We've been hearing around here lately that. Us storage can be measured in a matter of Just a handful of weeks and I think it's the same situation for them so I guess we'll find out quite sooner rather than later what happens when you reach one. Hundred percent storage capacity. Well that's right and it brings up some other things as well Not The least which is the fact that in between now and may the first The Saudis can produce an awful lot of oil Without adhering to the agreement yet and also a lot of damage can be done to various countries. Production and petroleum economics those countries Not least of which is what's going on here in the US and this leads into some of the topics that were discussed at yesterday's special open meeting of the Texas Railroad Commission in Austin which was held electronically. Which was I think I as far as the extend of it is concerned and One of the things that was brought up Especially by the people who are four per rationing in that is there is limited time to do something constructive to try to intervene before too much. More damage is caused to the Texas industry economy. And one of the points I brought up was. Hey look you know OPEC's going to be able to produce unfettered for another. You know fifteen sixteen seventeen days and what have can they wreak in that time period by doing that so that was one of the contentions of was brought up yesterday but there is a whole laundry list of differing opinions and data in a lot of the new show about contracts and processes and legalities quite frankly some of it was was mind numbing and it out this hearing on potential perishing by the commission that was really an event for the ages? A truly historic event It shows the seriousness of the current oil market and now three railroad commissioners bless. Their hearts are faced with what could be the major decision of each of their professional lives. This can mold and shape their reputation for the rest of their lives Depending on how it works out whether to prorate or not but the other thing you have to worry about his in tandem you have the fate of so many industry companies and individuals and the individuals jobs. The fate of all that is hanging in the balance. And you know Wayne Cranston the commission chairman. He referred to the magnitude of this decision are facing when he said at the end of the hearing. Yesterday it's humbling to realize the position we find ourselves in. I wish we could Be Together more To discuss the details of the Parisian in question he said there's hundreds of thousands of folks in this industry and their families and their kids out there in Texas and my heart goes out to them. I will pray for myself. And for my fellow commissioners and it's you know it's that serious you know you have to give the commissioners the three of them Christian Chris Craddock and Ryan sitting immense credit because they were willing to stand ten hours and fifteen minutes of us to Moni and they just had a few breaks. What seemed to me to be an insufficient lunch period? That's all I can say. And their stamina was quite impressive because they said listening to so many speakers drone on for three to five minutes and frequently longer and our speakers citing all these various statistics and delving down into what I referred to earlier all sorts of aspects of procedural and contractual legal minutia. And you know to be quite honest some of these people. I'm sad to say we're complete bores. Yeah and a few others were very inspiring and a passion of their comments and then most of the others fell somewhere. In between the common thread seemed like the the camp that was four probation had very qualitative bent to their argument. They were talking about what this would mean for the future of the industry and for companies in the families of people that work for them whereas the argument against preparation. The only way you could really do it was to take the the raw quantitative approach and just tried to use all of the legality or any of the cold hard economic fact such as it was to try to defendant so you had two different approaches. I think depending on where you stood on the on the issue. Oh I I quite agree. In the problem with the presentations made by the people against the pro rationing or the fact that they took on a very technocrat quality There wasn't a whole lot of humanity in my opinion in the arguments that they put forth. This is all very technocratic And I will say this. The commissioners They bend over backwards to be fair. They ask intelligent questions of everyone where they could. I mean some of the things said we're just over the top and need occasionally see some bewildered looks on commissioners faces and you had a feel for them but the other thing that's now bothering me. Is that in? What relatively few media reports were done on that meeting. I was surprised that there weren't as many as as we could have had. They did take out a rather homogeneous flavor All these stories by the general media. They play up the fact that the companies testifying against parenting concerned about protecting the free market. So you get this feeling that these firms and other entities that are against rationing were acting as statesmanlike protectors of free market economics however there is not one mention in any of these news reports of potential ulterior motives for some of the statements made and it all it was what was not covered in any of these reports but which yours truly heard or some statements by some of the smaller producers who were favored the rationing accusing of the very largest firms of just trying to wait them out hope that the smaller firms go under and then pick up some the assets for pennies on the dollar so that was none of that in any of the news reports. But I can tell you that that was something that was raised in yesterday's proceedings There was no mention of the fact in the general news reports that the really is not a true free market in oil. Not when you have state actors like Saudi in Russia that can impact the market so substantially. So we had that problem You know another thing that came across the dino was incorrect was that the general media said well the vast majority of people testifying Tuesday. We're against peration. That's just not true out of thirty nine speakers that I listened to during all but forty five minutes of the hearing. I had to go out for a brief errand and frankly because I had so much fatigue I needed a break so probably total speakers were closer to maybe fifty. I'm not sure we have not been able to get a count out of the commission yet. fifteen out of the thirty nine declared a RA- leaning toward being four eighteen declared or leaning toward being against and six were truly neutral so it fifteen versus eighteen with six neutral. I wouldn't call that overwhelming not by any stretch. Yeah you know. The the problem is the mainstream media. You know bless their hearts. This is a very nuanced argument. That's taking place and you know you can't really expect too much depth of understanding. Based on the way they operate of what's happening to see what the companies they have heard of before have to say and so that Kinda forms the basis of their their stand so. I'm glad that you endured that as much of that Hearing as you did Kurt because the industry needs someone with you know your degree of of expertise to be reporting on this and telling them really happen because otherwise we're down to just a couple of wire services and you know I don't mean to disrespect I say this but they don't understand the subject matter as as deeply as as this requires No not not whatsoever in one of the things that bothered me was there. Were two media outlets who's lead paragraphs let off the whole story with an inflammatory statement that was made by the CFO for diamondback energy. Yeah who said that? His firm was seized all drilling if Perot is instituted and he made it sound like this was the theme of the whole meaning. That's not the case or far more angles than that and for a media outlet to refer pro rationing as an OPEC style. Cap is a deliberate attempt to paint an unflattering picture I would say and and and frankly the diamondback remarks If you WANNA take into the ultimate could be construed as a bit of a threat in other words. He's sort of saying thinly veiled. Don't you dare impose parading or we'll have to make these bad things happen. That's how that came across wasn't a threat that was that was a promise..

OPEC Kurt Abraham Cameron Wallace Texas Railroad Commission US Texas world oil magazine Saudi Arabia Editor in chief spence Perot
"texas railroad commission" Discussed on NewsRadio WIOD

NewsRadio WIOD

01:57 min | 1 year ago

"texas railroad commission" Discussed on NewsRadio WIOD

"I've got less than a minute just real quick I don't need to get into the weeds on this April fourteenth the Texas railroad commission is meeting to do something possibly they haven't done since the seventies which is herb oil production is that gonna happen I think there's a real possibility that the the commission could take that step and when you think about that if this is the if this is the moment that needs to occur again all of us you know we're free market folks by right this is extraordinary times how do you save that American military say the taxes of the Texas budget oh my god I can't imagine how bad the Texas budget is going to be the severance tax is going to be in the tank you know what this pandemic in that sales tax revenues I mean there's there's no telling him maybe twenty five thirty percent lower revenues come in and then what they got to spend is going to be the the toughest legislative session from a budget standpoint hotel Julien and history of the state so everything that the state can do right now right now they need to be having that conversation about and I would suggest that the Texas is doing its part to restrict for some period of time the production of crude might be a very thoughtful all right reporter Perry thank you so much for everything thanks for coming by on the program former U. S. energy secretary the guy who I think is responsible along with the trump administration to to bring us energy independence it's a lot of his policies as governor of Texas that helps to the oil industry actually figure out and be free enough to make us energy independent thanks so much Rick appreciated.

Texas railroad commission hotel Julien Texas secretary Rick reporter Perry
"texas railroad commission" Discussed on WTVN

WTVN

01:57 min | 1 year ago

"texas railroad commission" Discussed on WTVN

"Got I've got less than a minute just real quick I don't need to get into the weeds on this April fourteenth the Texas railroad commission is meeting to do something possibly they haven't done since the seventies which is herb oil production is that gonna happen I think there's a a real possibility that the the commission could take that step and when you think about it if this is the this is the moment that needs to occur again all of us you know we're free market folks by right this is extraordinary time how do you save that American military say the taxes of the Texas budget oh my god I can't imagine how bad the Texas budget is going to be the severance tax is going to be in the tank you know what this pandemic in the sales tax revenues there's no telling him maybe twenty five thirty percent lower revenues come in and then what they got to spend is going to be the the toughest legislative session from a budget standpoint hotel Julien and history of the state so everything that the state can do right now right now they need to be having that conversation about and I would suggest that the tax is doing its part to restrict for some period of time the production of crude might be a very thoughtful all right reporter Perry thank you so much for everything thanks for coming by on the program former U. S. energy secretary the guy who I think is responsible along with the trump administration to to bring us energy independence it's a lot of his policies as governor of Texas that helps to the oil industry actually figure out and be free enough to make us energy independent thanks so much Rick appreciated.

Texas railroad commission hotel Julien secretary Texas Rick reporter Perry
"texas railroad commission" Discussed on 600 WREC

600 WREC

01:58 min | 1 year ago

"texas railroad commission" Discussed on 600 WREC

"Got I've got less than a minute just real quick I do need to get into the weeds on this April fourteenth the Texas railroad commission is meeting to do something possibly they haven't done since the seventies which is herb oil production is that gonna happen I think there's a real possibility that the the commission could take that step and when you think about that if this is the if this is the moment that needs to occur again all of us you know we're free market folks but right this is extraordinary time how do you save that American military the taxes of the Texas budget oh my god I can't imagine how bad the Texas budget is going to be the severance tax is going to be in the tank you know what this pandemic in the sales tax revenues I mean there's there's no telling him maybe twenty five thirty percent lower revenues come in and then what they got to spend is going to be the the top this legislative session from a budget standpoint hotel Julien and history of the state so everything that thinks they can do right now right now they need to be having that conversation about and I would suggest that the Texas is doing its part to restrict for some period of time action of crude might be a very thoughtful all right reporter Perry thank you so much for everything thanks for coming by on the program former U. S. energy secretary the guy who I think is responsible on with the trump administration to to bring us energy independence it's a lot of his policies as governor of Texas that helps to the oil industry actually figure out and be free enough to make us energy independent thanks so much Rick appreciated.

Texas railroad commission hotel Julien Texas secretary Rick reporter Perry
"texas railroad commission" Discussed on KTOK

KTOK

02:15 min | 1 year ago

"texas railroad commission" Discussed on KTOK

"Going to allow you to destroy the shale producers the independent operator in America because it's the one thing that keeps us from being controlled by by energy companies that don't necessarily have our best interests in mind Rick I've got I've got less than a minute just real quick I don't need to get into the weeds on this April fourteenth the Texas railroad commission is meeting to do something possibly they haven't done since the seventies which is herb oil production is that gonna happen I think there's a a real possibility that the the commission could take that step and when you think about it if this is the extension of the movement that needs to occur again all of us you know we're free market folks but right this is extraordinary times how do you save that American military the taxes of the Texas budget oh my god I can't imagine how bad the Texas budget is going to be the severance tax is going to be in the tank you know what this pandemic in the sales tax revenues I mean there's there's no telling him maybe twenty five thirty percent lower revenues come in and then what they got to spend is going to be the toughest legislative session from a budget standpoint hotel Julien and history of the state so everything that the state can do right now right now they need to be having that conversation about and I would suggest that the Texas is doing its part to restrict for some period of time the production of crude might be a very thoughtful all right reporter Perry thank you so much for everything thanks for coming by on the program former U. S. energy secretary the guy who I think is responsible on with the trump administration to to bring us energy independence it's a lot of his policies as governor of Texas that helps to the oil industry actually figure out and be free enough to make us energy independent thanks so much Rick appreciated.

America Rick Texas railroad commission hotel Julien Texas secretary reporter Perry
Texas oil producers ask state to regulate output amid coronavirus crisis

Rush Limbaugh

00:20 sec | 1 year ago

Texas oil producers ask state to regulate output amid coronavirus crisis

"Couple of Texas oil companies are asking state regulators to consider a cut in oil production as demand and prices of collapse Austin based parsley energy and Irving based pioneer natural resources contacted the Texas railroad commission formally requesting a virtual meeting no later than April thirteenth to talk about it

Austin Irving Texas Railroad Commission Texas
Texas Railroad Commission Rolling Average Update

Rush Limbaugh

00:21 sec | 2 years ago

Texas Railroad Commission Rolling Average Update

"Com Texas railroad commissioner Ryan sit in with your current industry of the United States had nine hundred and eighty three drilling rigs running at the end of last week a decrease of four from the prior week Texas decreased by one ready to end the last week at four hundred and eighty one the Texas railroad commission issued two hundred and ninety nine drilling permits last week during the ten week rolling average two three hundred and five

United States Texas Texas Railroad Commission Commissioner Ryan Sit Ten Week