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" ... I reached out to all of the statewide Texas oil and gas trade associations for comment on Wednesday. All of the groups who responded had testified in opposition to prorationing as a concept at the RRC’s first hearing on the matter on April 14. Not surprisingly, they’re all pretty much opposed to this draft order as well. ... "
" ... Lame duck Commissioner Ryan Sitton pushed for a vote in favor of prorationing, even as he acknowledged that prorationing would be ineffective without cooperation from other producers —exactly the position that Saudi Arabia faced when Russia and other members of OPEC failed to agree to supply cuts just eight weeks ago. ... "
" ... The Railroad Commission of Texas (RRC) will hold a hearing tomorrow morning to discuss the possibility of prorationing Texas oil production after receiving a petition from Pioneer and Parsley. The hearing comes as the COVID-19 pandemic has reduced national and global oil demand and significantly lowered crude prices. ... "