Business View Magazine | Volume 8, Issue 10

50 BUSINESS VIEW MAGAZINE VOLUME 8, ISSUE 10 Submitted by TXOGA (Texas Oil & Gas Association) T here is an old adage that says, “Never confuse activity with accomplishment.” In the case of modern energy, overwhelming facts confirm amazing results benefitting American consumers. The U.S. oil and natural gas industry is the nation’s leading investor in pioneering emission-reducing technologies and, as a result, the U.S. leads the world in reducing energy-related carbon dioxide emissions and Americans are breathing the cleanest air in decades. This accomplishment is driven by unmatched innovation and investment by the U.S. oil and natural gas industry. Oil and natural gas companies are investing in enhanced efficiencies in operations, development of shale gas, cleaner fuels, alternative energy sources like wind and solar, technologies that capture, use and store carbon dioxide, and cogeneration, which reduces emissions by capturing heat and gases produced by industrial processes to produce electricity. And these investments are working. Thanks to expanded use of natural gas in power generation, energy-related carbon dioxide emissions in the U.S. are near 20-year lows. Methane emissions rates were down nearly 70% in five of the nation’s largest oil and natural gas producing regions between 2011 and 2019, according to data from EPA and EIA. Additionally, the Texas Railroad Commission recently reported that as of May of 2021, less than 1% of all natural gas produced in Texas is flared. AT A GLANCE TEXAS OIL & GAS ASSOCIATION (TXOGA) WHAT: A statewide trade association representing every facet of the Texas oil and natural gas industry WHERE: Based in Austin, Texas WEBSITE: AL A report on the industry