Week In Review: February 22, 2019
Fri, February 22, 2019
February 22, 2019
The state of Texas now has even more bragging rights in the U.S. Oil Patch, and even globally According to a new report from the Texas Independent Producers Royalty Owners Association, the Lone Star state’s oil production hit a record level not seen since 1973, the same year of the Arab oil embargo that roiled global oil markets.
It’s going to be a big growth year for U.S. exports of liquefied natural gas, with three more terminals set to start operations in 2019 and developers already this month committing to a $10 billion investment for another project. Plus, final investment decisions are anticipated on two or three more gas export terminals.
Two separate reports released over the past week – one from the Texas Independent Producers and Royalty Owners Association (TIPRO) and one from the Texas Oil and Gas Association (TXOGA) – outline the astonishing economic benefits provided by oil and natural gas production in the Lone Star State.
Texas oil and gas needs oil and gas production. Tell your state Senator and Representative to stand for oil and gas! If you weren't able to make it to Texas Energy Day, click here to send a letter to your Congressman: https://p2a.co/TED2019
In Case You Missed It
We stopped by Texas Energy Day at the Capitol to ask Texas Legislators what oil and gas means for the state of Texas!
Click here to check out our interviews: https://www.facebook.com/TexansforNaturalGas/