When Texas Gov. Greg Abbott recently signed a resolution urging members of Congress to press forward with repealing the ban on most export of U.S. oil, he had a powerful ally in the oil and gas industry – the agency that regulates it.
In an interview with Rigzone, Texas Railroad Commission Chairman Christi Craddick, a Republican from oil-rich Midland, Texas, said the three elected members of the agency wanted to make their position clear.
“We all feel very strongly … it is a priority for the industry, and we feel like it’s an important thing to be a lead on in the state because we lead on oil and gas in so many other issues,” she said.
The issue has been gathering support in the wake of vast shale oil production in plays around the country, and particularly in Texas. Several industry leaders, including Continental Resources CEO Harold Hamm, Exxon Mobil Corp. CEO Rex Tillerson, and Ryan Lance, chief executive at ConocoPhillips, have said the ban is contrary to domestic economic growth. Members of Texas’ delegation to Congress have also expressed support for the repeal.
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