Subscribe
Energy and Environment

Shale oil producers ask Texas regulators to force production cut

By Josh Siegel
Published
Add Washington Examiner on Google
Shale oil producers ask Texas regulators to force production cut

Two shale oil producers requested Monday that Texas oil regulators consider forcing producers in the state to cut production to overcome a historic crash in prices.

Pioneer Natural Resources and Parsley Energy filed a motion asking the Texas Railroad Commission to hold an emergency meeting to debate imposing “pro-rationing” schedules, a power unused since 1973, to force Texas producers to cut production to raise the price of oil.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.