If you have questions, contact Scott Anderson or Martin Fleming . Plank stressed that Texas prospects must compete for capital in a national and international marketplace. Segner discussed the importance of meeting growing natural gas demand. O'Brien presented the details of the plan, stressing that because of increased investment in the Texas economy, the plan will be revenue positive during the first biennium. Goodisman laid out the costs of producing oil and gas in Texas.
Taxes are the highest or second highest cost of producing throughout the state.
He noted that phasing-out severance taxes will make Texas a very attractive investment compared to other producing states. Legislators were pleased that industry has developed a creative plan that does not call for the state to simply give up its revenue stream. The Association has five committees that plan to be more active than they have sometimes been in the past. Each committee is looking for additional members. The committees are National Energy Policy, State Petroleum Issues, Membership, Environmental, and Technical Information Services.