December 31, 2007

Exxon drops itself in the grease

Stop me if you've heard this one before... large oil company opens and exploits a producing field over a period of decades. When the economics no longer work, they shut in production and give up the lease. A new company comes in, negotiates a new lease and attempts to reopen the wells that should be profitable for them since they don't have the large company's overhead and can take advantage of a new tax break.

Only problem is, the large oil company, in violation of state law, dumped trash and other materials down the well to make it very difficult or impossible to reopen. Further, in one case, they killed a producing formation.

The large company? Exxon who has been sued by both the land owner (Exxon lost) and the new company (Emerald... Exxon lost against them as well). All this went to trial years ago. Now, it's with the TX SC which should rule in the next few months. However, while this little legal drama plays out, what the hell has the RRC done? Specifically, what has Republican Michael Williams of the RRC, who's up for re-elect next year, done?

Absolutely nothing. Basically, what Exxon wanted him to do. He should have known for years that Exxon violated their lease AND state law, yet he's done NOTHING. Which is business as usual for the lazy and incompetent Williams who revels in triviality and fails, time and again, to protect Texans. If he didn't know, then he's negligent and should be removed from office.

Damn good thing we have a choice this cycle... Dale Henry.

Posted by mcblogger at December 31, 2007 10:49 AM

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