Don’t Worry, Texas Will Still Be Energy Friendly

A group of panelists during a roundtable discussion at the Midstream Texas conference admitted that there are issues to overcome but the connection between energy and the Texas economy remains substantial.

Terrance Harris, Hart Energy

Ben Rhem, Jackson Walker LLP; Jason Fleischer, Gibson, Dunn & Crutcher; and Joseph R. Dancy, University of Oklahoma College of Law discuss whether Texas is still an energy-friendly state at Hart Energy's Midstream Texas conference. (Source: Hart Energy)

As far as attorney Ben Rhem is concerned, gauging Texas’ longstanding relationship with energy is in the numbers.

Rhem, a partner at Jackson Walker LLP, cited a study conducted by Texas Tech in 2014 looking back at the midstream sector numbers in 2013 to tell the story of how closely tied Texas and energy are to each other. During that year, the midstream sector alone had an overall $33 billion economic impact on the Texas economy. It supported 165,000 jobs and contributed $1.6 billion in state and local tax revenues.

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