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I don’t think anything is really holding back production in Texas. But you are talking about a rather big hill to climb compared to where we were in the 1980’s.

Remember the shale production in the Bakken has several years head start on the shale in Texas’ Eagle Ford and Permian Basin.

But it is not for lack of drilling. Lots of rigs working here now.

http://files.shareholder.com/downloads/BHI/1621641500x0x532188/CB796FB2-6E26-4FC9-B138-750BBDC1D4E9/na_charts_010612.pdf

Nearly half of all drilling rigs operating in the United States are drilling in Texas 927 out of 2,007 at last count.

http://files.shareholder.com/downloads/BHI/1621641500x0x532187/59824824-AE4A-44F4-A754-BC249C3DF23E/Rigs_by_State_010612.pdf

I don’t think anything is really holding back production in Texas.

Maybe money to invest in new infrastructure or the technology to look at older oilfields in Texas, but we have money coming in from outside of the state to help cover those costs.

Back in 2010, Governor Perry visited China and encouraged them to invest in our oil and gas industry, and it's paying off. China's biggest offshore oil producer spent $1 billion to buy into a South Texas shale project and some reports have them spending $2 billion.

That kind of money is getting those projects into play a lot quicker than they might have otherwise. They had 10 oil rigs on that one project operating at the end of 2010, and are projected to have 40 oil rigs up and running by the end of this year.