The call during the Donald Trump campaign to "drill, baby, drill" still rings in the minds of many after the election, but some oil executives say it's time to analyze the meaning of the slogan, which is actually a little complicated.
While "drill, baby, drill" may mean increase the amount of oil the United States and Texas produces to many people, it resonates a little differently in the minds of oil and gas companies.
"I do think we're going to see increased activity...and I see oil staying in between the $60 to $80 range [per barrel], says Dallas' King Operating founder and CEO Jay Young.
In contrast with the previous Trump administration, "we're exporting a lot more oil now, which is better, we're exporting with LNG, which is a natural gas product and that comes along with oil drilling, and we don't have to have as many wells drilled" since they're making more money by liquifying natural gas, turning it into an extremely cold element called Liquified Natural Gas.
What oil company leaders are worried about are threats to slap tariffs on imports.
"A lot of items that we need for oil and gas is gonna go up...if the cost of drilling an oil and gas well is going up and commodity prices are going down, we're not going to drill as much," Young added.
And some oil executives want broad permitting reform and increased ease in red tape in drilling and pipeline projects.