Ryan Sitton
AUSTIN – Railroad Commissioner Ryan Sitton met with 100 senior level oil and gas executives in Houston yesterday for An Energy Evening hosted by KCA, a business consultancy serving energy, technology and legal clients.
New technology and drilling techniques in Texas shale plays have led to a dramatic increase in Texas production, forcing OPEC to cut production and disrupting the global supply and demand balance. In light of these developments, Sitton discussed “Innovative Disruption in Energy,” and its impact on the market, investments and infrastructure.
“After 25 years of viewing oil and gas as just another commodity, we need to begin thinking differently about the role energy plays in the world,” Sitton said. “Texas energy production, and the innovation of our drillers, has the ability to disrupt the global market, secure our economic growth and national security, and place the U.S. in a position of energy dominance.”