InvestorsHub Logo
Followers 0
Posts 736
Boards Moderated 0
Alias Born 06/10/2009

Re: danrpoints post# 22625

Saturday, 02/13/2010 7:01:05 PM

Saturday, February 13, 2010 7:01:05 PM

Post# of 33129
They can hand out pretty hefty fines for illegally producing or working on a well. They regulate the ability to sell oil and gas, so if you are not in good standing with the RRC, you cannot sell any oil or gas and they do have the authority to make you plug a well. They do not regulate securities, in Texas, the Texas State Securities board does that.