A move this week by the state of Texas to mandate cuts in oil production is “dead” and won’t even be the subject of a vote by the state’s governing regulatory body, according to the regulator most closely aligned with the proposal.
In an interview with Bloomberg TV Monday morning, Ryan Sitton of the Texas Railroad Commission said the three-member TRC is not expected to take up his proposal that the commission use its authority to order production cutbacks in the state.
“At this point, we are...
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