The Texas State Legislative Session has significant implications for the oil and gas industry, and Karr Ingham, President of the Texas Alliance of Energy Producers, provides insights into key issues on this episode of The Crude Truth. Topics discussed include the challenges of managing inactive wells, the need for re-stimulation incentives to reactivate old wells, and the importance of effective produced water management. Ingham emphasizes the Texas oil industry's pivotal role in both the state and national economies while navigating regulatory challenges at both state and federal levels.

Additionally, federal concerns such as the methane tax, depletion allowances, and market distortions caused by subsidies for renewables are highlighted. Ingham stresses the Alliance’s commitment to protecting the industry from overregulation while advocating for policies that ensure reliable, affordable energy for consumers. As legislative and market dynamics continue to evolve, Texas remains a vital leader in shaping the nation’s energy future.

Highlights of the Podcast

00:01 - Introduction to Texas Legislative Session

02:17 - Overview of the Legislative Session

05:32 - Key Issues in the Session

08:21 - Inactive Wells and Regulations

13:39 - Re-Stimulation Bill

18:52 - Produced Water Management

25:44 - Federal Legislative Concerns

33:19 - Importance of Texas in U.S. Energy

37:36 - Market Predictions for Oil Prices

41:23 - Role of the Texas Alliance of Energy Producers

42:42 - Closing Remarks and Future Outlook