Market
Texas oil and gas production decrease by over 10% in Q1 2025 due to new regulations?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Texas Railroad Commission official production reports
Story
Texas Railroad Commission Unanimously Approves New Biden-Like Environmental Rules, Raising Oil and Gas Production Costs
Dec 23, 2024, 06:59 PM
Texas lawmakers have enacted new environmental regulations that will increase costs and reduce efficiency for the oil and gas industry. The Texas Railroad Commission, which oversees this sector, has unanimously approved rules that align more closely with environmental advocacy groups, drawing criticism from some Texas Republicans. Commissioners Wayne Christian, Christi Craddick, and Jim Wright have been particularly targeted for their support of these regulations, which opponents claim mirror those implemented under the Biden administration. The changes have sparked concerns among industry stakeholders and local residents about the potential impact on energy production in a growing state.
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