Mills sees dim future for Texas oil and natural gas production

Alex Mills, president of Texas Alliance of Energy Producers, the largest state organization of independent oil and natural gas producers, operators, and service companies in the United States, spoke grimly about the future of petroleum production under proposed Obama administration tax changes when speaking to the June meeting of the North Texas Home Builders Association, held Thursday, June 4th, at The Wichita Club.

Mills discussed eight tax changes proposed by President Obama that he said will kill domestic oil and natural gas production within three years.