WEST TEXAS (KWES) - The Texas Oilfield Initiative was introduced during a conference Tuesday night by Railroad Commissioner Christi Craddick. She said the main purpose is to help the oil and gas industry by reducing the paper trail amount so businesses can focus on the task at hand.
"We've identified reports and filings that can be deferred or delayed or reworked, saving some operating costs without impacting both the public or environmental safety," said Craddick.
Craddick said the commission has already started looking at revising the definition of marginal and stripper wells for oilfield workers so they would stay in production longer and companies won't take them off the line or plug them. Craddick added now was the right time to roll out the plan.
"We're always looking at best practices anyway at the commissions and obviously the industry is in a slower time. It allows us at the railroad commission to spend our time looking how we need to improve our efficiencies and effectiveness," said Craddick.
Craddick added the nine rules in the plan could potentially save jobs and help bring some people back to work.
"If it allows people to keep others on their payroll so they could go drill additional well that would be great. Long term, hopefully it saves companies and operators dollars so they can put it to work some place," said Craddic.
Additionally, Craddick says she along with others hope this plan can be something other model after.
"We're always trying to work with other states and groups to make sure we have best practices in place and a lot of states and countries frankly look to Texas," said Craddick.
Craddick tells NewsWest 9 the railroad commission started working on the plan in January and look to have the project completed in two years.
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