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In observance of the Christmas holidays, Railroad Commission of Texas offices will be closed December 23-27. The offices will re-open at 8 a.m. on Monday, December 30 for regular business. Expedited Drilling Permits will be processed within standard processing times. If assistance is needed, please email Drillingpermits-info@rrc.texas.gov.
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MEDIA ADVISORY: Texas Railroad Commissioner Ryan Sitton Discusses COVID-19

Energy Demand Model Showing Global Market Oversupplied by at Least 16 Million BPD

March 31, 2020

Energy demand is dropping through the floor due to COVID-19 and the breakdown of the Saudi/Russia oil production alliance is flooding the global oil market with supply. These two factors have led to the oil market being oversupplied by at least 16 million BPD (likely higher).

What does this mean for the U.S. energy industry and the national economy -- now and over the next few months?

Join energy market expert and Railroad Commissioner Ryan Sitton LIVE as he discusses his real-time COVID-19 demand model -- showing the greatest oversupply in the history of the oil and gas industry.

What:             Texas Railroad Commissioner Ryan Discusses His COVID-19 Global Energy Demand Model

When:             Wednesday, April 1, 2020 at 2 pm

Where:           Expired

Media contact: Bryan Preston, bryan.preston@rrc.texas.gov

About the Railroad Commission:
Our mission is to serve Texas by our stewardship of natural resources and the environment, our concern for personal and community safety, and our support of enhanced development and economic vitality for the benefit of Texans. The Commission has a long and proud history of service to both Texas and to the nation, including more than 100 years regulating the oil and gas industry. The Commission also has jurisdiction over alternative fuels safety, natural gas utilities, surface mining and intrastate pipelines. Established in 1891, the Railroad Commission of Texas is the oldest regulatory agency in the state. To learn more, please visit https://www.rrc.texas.gov/about-us/.