Christian Joins CNBC’s The Exchange to Discuss Proration & Crude Oil Market StabilityApril 16, 2020
AUSTIN –Yesterday, Railroad Commission Chairman Wayne Christian joined Kelly Evans on CNBC’s The Exchange to discuss the agency’s virtual meeting on proration and his thoughts on various efforts to stabilize the worldwide market for crude oil. You can view the interview here or below.
“Yesterday we heard from a desperate industry. About 30,000 people in 86 countries and 49 states tuned in to our 10 hour meeting, where we heard from over 50 witnesses on the pros and cons of prorating crude oil,” said Chairman Wayne Christian.
“Whether or not proration is the answer, it is imperative we stabilize the international crude market to protect hundreds of thousands of Texas jobs and preserve the national security that comes with American Energy Dominance.”
“The Railroad Commission will reconvene next Tuesday for our monthly open meeting, where we will once again discuss this issue and our various options,” continued Christian. “I will continue to visit with our officials in the Trump Administration and my fellow regulators on the Interstate Oil and Gas Compact Commission about what can be done."
About the Railroad Commission:
Our mission is to serve Texas by our stewardship of natural resources and the environment, our concern for personal and community safety, and our support of enhanced development and economic vitality for the benefit of Texans. The Commission has a long and proud history of service to both Texas and to the nation, including almost 100 years regulating the oil and gas industry. The Commission also has jurisdiction over alternative fuels safety, natural gas utilities, surface mining and intrastate pipelines. Established in 1891, the Railroad Commission of Texas is the oldest regulatory agency in the state. To learn more, please visit http://www.rrc.texas.gov/about-us/.