Strong long-term outlook for Texas oil highlighted by Commissioner Craddick

2/12/2016

HOUSTON -- Railroad Commissioner Christi Craddick pointed to the positive impact Texas and U.S. oil producers will see as open crude oil markets increase demand for lighter, sweeter U.S. shale oil in keynote remarks at the North American Prospect Expo’s (NAPE) Global Business Conference in Houston earlier this week.

“The opening of the markets for U.S. oil producers will translate into enduring success for the overall industry and subsequently Texans as a whole,” Craddick said. “When you apply sensible regulations, encourage investment, open new markets for products and stimulate competition, economies grow. In this case, it’s our long-standing oil economy. And with our state’s plentiful resources, the industry’s technology and innovation, and the Commission’s strength in regulation, the sky is the limit.”

NAPE was founded by the American Association of Professional Landmen (AAPL) in 1993 and joins with partners, The Independent Petroleum Association of America (IPAA), The Society of Exploration Geophysicists (SEG), and The American Association of Exploration Geologists (AAPG), to bring together oil and gas industry professionals for idea-sharing and business development.

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