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A BILL TO BE ENTITLED
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AN ACT
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relating to an annual natural gas industry overview produced by the |
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Railroad Commission of Texas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 81, Natural Resources |
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Code, is amended by adding Section 81.0661 to read as follows: |
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Sec. 81.0661. ANNUAL NATURAL GAS INDUSTRY OVERVIEW. |
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(a) The oil and gas division of the commission shall produce and |
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submit to each standing committee of the legislature having primary |
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jurisdiction over oil and gas matters an annual report for each |
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state fiscal year that: |
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(1) provides an overview and analysis of the oil and |
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gas industry in this state for the fiscal year; and |
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(2) anticipates potential issues facing the industry |
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in the coming fiscal year. |
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(b) In providing the overview under Subsection (a)(1), the |
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commission shall include: |
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(1) an analysis of the strengths and weaknesses of the |
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industry; and |
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(2) a summary of any significant events or challenges |
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experienced or vulnerabilities in infrastructure that were |
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exposed. |
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(c) In providing a projection for the coming fiscal year |
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under Subsection (a)(2) the commission shall: |
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(1) provide production estimates; and |
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(2) describe any major maintenance and operation |
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issues expected to affect the natural gas infrastructure in this |
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state. |
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(d) The commission shall seek input from stakeholders when |
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developing each annual overview. |
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SECTION 2. This Act takes effect September 1, 2021. |