Texas Senate Backs Self-Funded Oil, Gas Regulator

Law360, New York (April 6, 2011, 7:24 PM EDT) -- The Texas Senate passed legislation Monday that would convert the three-member Railroad Commission — which controls oil-and-gas permitting in the state — into a new, one-commissioner body that would pay for itself through industry fees and permits.

The Senate voted 29-2 in favor of S.B. 655, which would create the Texas Oil and Gas Commission to control energy permitting and give the commission power to levy fees on industry to cover its operating costs. The bill still needs approval from the Texas House of Representatives....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.