Three Texas railroad commissioners are elected to six year terms with one seeking election every two year. Since no specific seat is designated as Chairman, they must decide amongst themselves who will serve that position. The commission has an yearly budget of $79 million and manages oil, gas, mining, propane and pipelines and monitors production costs on a month by month basis.
The commission initially exercised control over only the railways; however, as time passed and the industry expanded, it also controlled operations of railroads, wharves, terminals, rates and express companies. Although the government eventually appropriated control over the railways, the commission still maintained responsibility over planning, safety, maintenance, as well other associated programs.
It still monitors the oil and gas industry despite changes in its jurisdiction. It surveys production of oil and gas, manages monthly production costs, conducts hearings and ensures that rules and regulations are adhered to. Further, it prevents the contamination of water resources.
Over the years, the industry has been far from stable, as it experiences times that are fruitful and other times that are less profitable. During the Iranian Revolution and the Iran-Iraq war, local wells were more in demand and, as a result, more profitable. However, in 1986, these resources became less in demand because of an industry crash.
In 1986, this particular institution was downsized and experienced bankruptcy. Since then production has again increased. The institution has experienced a lot of instability; however, it has also shown a great deal of resilience in spite of the adversity it continues to experience.
Texas railroad commissioners are the individuals who head the committee and monitor the railroads. However, since the conception of the committee, it has expanded and now oversees a variety of other areas. This multifaceted organization has underwent some changes, but it continues to serve a vital role in the community. texas railroad commissioner
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