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Railroad Commission Role

Texas Natural Gas Initiative David Porter T exas Railroad Commissioner Oil & Gas Regulatory Conference San Antonio, Texas August 19, 2014. Railroad Commission Role.

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Railroad Commission Role

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  1. Texas Natural Gas InitiativeDavid PorterTexas Railroad Commissioner Oil & Gas Regulatory Conference San Antonio, TexasAugust 19, 2014

  2. Railroad Commission Role • The RRC is required by statute to promote natural gas as an alternative fuel to benefit Texas’ economy, air quality and/or energy security. • My Texas Natural Gas Initiative, launched last year, encourages more use of natural gas in vehicles and E&P activities.

  3. Opportunity 96 percent of gas produced in the United States is for the domestic market. Source: U.S. Department of Energy, Energy Information Administration

  4. Panelists Dr. Ken Morgan, Director Texas Christian University Energy Institute George E. King, Distinguished Engineering Advisor Apache CorporationLynn Lyon, Director, Fuel Market Development Pioneer Natural ResourcesJason Isaac, State Representative Texas House of Representatives

  5. Texas Natural Gas Initiative Channel production from the Eagle Ford, Permian Basin and other plays into markets that deliver the greatest economic benefits to Texans.

  6. Texas Natural Gas Initiative: Engine Fuel Sales of natural gas engine fuel exceed projections. Natural gas is now the leading alternative fuel for vehicles in Texas.

  7. Texas Natural Gas Initiative: Exploration & Production Retrofit or new build 8 engines/frac spread Capital cost of retrofit ~$1.2MM Price spread of $1.75/DGE, 50% diesel substitution Payback for retrofit = 1.4 years

  8. Texas Natural Gas Summit October 23, 2014 • Palmer Events Center, 900 Barton Springs Road, Austin 78704 • Combination Job Fair and NG Vehicle Expo • 60 exhibitors • Panels/workshops on E&P, fleet vehicles, grants and incentives, regulatory issues

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