Provides Regulatory Certainty

Energy production, like any other industry in Texas, requires regulatory certainty. HB 40 provides certainty by affirming that oil and gas production is governed by state law. Just as allowing cities to issue their own driver’s licenses would be an economic disaster for small businesses that operate throughout the state – not to mention making a Texas road trip nearly impossible – a patchwork of regulations for oil and gas production serves as a barrier to new energy investment in Texas.