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LPG FORM 30 the Railroad Commission of Texas Rrc State Tx

LPG FORM 30 the Railroad Commission of Texas Rrc State Tx

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What is the Texas Railroad Commission? I do not know what the Texas Railroad Commission is, no. Sort of. Sort of. I could guess what it is. If you go around and ask, a lot of people think it regulate railroads. It gets money for the railroad. I don't know. They control the railroad I guess. Well something about the railroads obviously. Tracks, cars? Coordinating them? Organizing them? A railroad commission commissions railroads, right? Sure. It regulates oil and gas. How many wells are permitted to open, how you close wells, operating, all those things. It started as a captive agency and still is criticized some for being a captive agency. That's an agency that is controlled to a large extent by the people it regulates. There's a lot of money in oil and gas. If there's one agency that regulates them, then it's easy for the industry to control, and that may sound a little cynical, but that's how the thing developed. It's an agency that doesn't touch most of us in our daily lives.

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