Texas House Bill HB4227

Texas 2021 - 87th Regular

Caption

Relating to an annual natural gas industry overview produced by the Railroad Commission of Texas.

Impact

The bill is designed to create a structured framework for information dissemination regarding the natural gas industry. By requiring an annual assessment, the Railroad Commission will provide critical insights into the strengths and weaknesses of the industry, significant events that occurred, and anticipated challenges. This could potentially lead to more informed legislative decisions regarding energy policies and regulation, impacting state laws related to natural gas production and infrastructure.

Summary

House Bill 4227 mandates the Railroad Commission of Texas to produce an annual overview of the natural gas industry. This report must be submitted to each standing committee of the legislature that has primary jurisdiction over oil and gas matters. The report will cover the previous fiscal year's performance as well as potential issues facing the industry for the coming year. This initiative aims to enhance the legislature's understanding of the natural gas sector's dynamics and challenges.

Contention

While the bill aims to bring transparency and accountability to the natural gas sector, discussions can arise around the effectiveness of such reports in capturing the real-time challenges and opportunities within the industry. Stakeholders may debate the adequacy of the Railroad Commission's capacity to engage and incorporate diverse viewpoints from the industry in their assessments. The success of this bill will likely depend on how well the commission seeks and integrates input from industry participants and the relevance of the data they provide.