Narrow Oklahoma Ruling Could Ease Shut-Ins

摘要

Oklahoma’s oil regulator took the rare step Friday of weighing a narrow order aimed at giving operators in the state a bit of cover in determining when to shutter production that could ultimately cause shut-ins to ramp up. The decision comes as the Texas Railroad Commission is also tackling the question of reviving decades-old authority — last used in the 1970s — to prevent the “waste of oil produced at uneconomic prices” (OD Apr.14’20).