In this episode of The Crude Truth, host Rey Treviño welcomes Texas Railroad Commission Chair Christi Craddick to discuss the vital role of the oil and gas industry in Texas amid a shifting regulatory landscape. As the state gears up for an important election, Craddick shares her insights on how the Railroad Commission balances fair regulations with innovation, ensuring job creation and industry growth. She highlights key initiatives, such as plugging orphan wells and securing funding for environmental projects, while addressing the challenges posed by federal overregulation and programs like the Inflation Reduction Act.

The conversation dives deeper into industry challenges and opportunities, including legislative incentives for orphan well management and the use of CO2 and water in enhanced oil recovery methods. Craddick emphasizes the critical role of small operators and efficient drilling practices in Texas’ oil landscape. They discuss the implications of increased oil production in the West Texas oil field, smart water management, and the proactive measures the Railroad Commission is taking to tackle emergencies. Wrapping up, Craddick reflects on her motivation for seeking re-election and her commitment to maintaining Texas' energy leadership amid federal pressures.

Highlights of the Podcast

01:38 - Introduction of Christi Craddick

03:39 -Texas' Oil & Gas Industry Challenges

05:27 - Fighting Overregulation

06:49 - Legislative Session and Agency Challenges

08:11 - Orphan Wells & Environmental Responsibility

10:37 - Funding for Orphan Wells

16:01 - Federal Regulation Challenges

18:25 - Request for Additional Funding

20:21 - Incentivizing Operators for Orphaned Wells

22:09 - Acquiring Full Leases

24:11 - Idle and Inactive Wells in Texas

25:55 - Innovation in West Texas

27:41 - Seismic Activity and Fluid Management

29:20 - Emergency Response and Blowouts

33:16 - Why Christi Craddick is Running for Reelection

37:10 - Importance of Voting in the Upcoming Election