The state energy regulator in Texas said it was looking to cut back on some regulations in order to stimulate the economy through increased production. The Railroad Commission of Texas, the state’s energy regulator, said it wanted to cut back on testing requirements for oil wells, a data-saving effort that could save the industry $52 million a year. “These cost-savings can then be passed on to create more jobs for Texans and generate more revenue for state coffers through increased energy production,” Christi Craddick, the head of the agency, said in a statement. The proposal for so-called W-10 tests would allow operators to eliminate some additional filing requirements except for circumstances where a well is […]

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