Austin, Texas – Senate Bill 3, the omnibus Winter Storm Uri legislation, passed out of the Texas House of Representatives this morning with overwhelming support. The Texas Independent Producers & Royalty Owners Association (TIPRO) strongly supports the amended House version of this bill. The following statement can be attributed to Ed Longanecker, president of TIPRO:
“The energy system failed Texans during Winter Storm Uri. The results were devastating, endangering the health and well-being of Texas residents, while causing billions in property damage. We applaud the tireless efforts of our state legislators to provide meaningful reforms to ensure that our state is prepared for the next extreme weather event. TIPRO supports Chairman Chris Paddie’s House version of Senate Bill 3 that directly addresses those challenges, without placing unnecessary burden on natural gas producers that are not tied to power generation. This is particularly relevant to operators of the thousands of marginal wells in the state, which would become uneconomic if producers were forced to weatherize wells and facilities, resulting in a decline in production, royalty income, jobs and severance tax revenue.”
