Congressman Henry Cuellar (D-TX28) and Senator John Cornyn (R-TX), co-chairs of the Texas Caucus on Shale Oil and Gas, hosted a briefing on crude oil exports for members of the Shale Oil and Gas Caucus and the Texas congressional delegation.  The briefing, provided by the Energy Information Administration (EIA) and the Congressional Research Service (CRS), focused on the crude export ban and the recent Commerce ruling allowing condensate exports. 

“Today, Texas is the leading crude oil-producing state in the nation,” said

Congressman Cuellar

.  “The Eagle Ford Shale region, which I represent, supported more than 86,000 jobs in the region in 2012, providing $3.3 billion in salaries, $347 million in state revenue, and $800 million in local government revenue. It is no wonder why many analysts call North America the new Middle East for oil.  I thank Senator John Cornyn for partnering with me to host this briefing as well as the Energy Information Administration and the Congressional Research Service for providing the latest updates.”

Members of the Texas Shale Oil and Gas Caucus and the Texas Congressional Delegation received a briefing on crude oil exports from the Energy Information Administration and the Congressional Research Service.

Rep. Cuellar and Senator Cornyn participate in the Texas Shale Oil and Gas Caucus briefing on crude oil exports.

Presenters from EIA and CRS provided an overview of current and projected production and demand trends for crude and refined products, anticipated market response to the ruling, as well as related policy considerations. The purpose of the Texas Caucus on Shale Oil & Gas (TSCOG) is to serve as an educational resource focusing on shale oil and gas production in Texas for Members of Congress.