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Texas regulators consider conditional cuts for oil production, want legal advice
Oil & Gas Journal: The Texas Railroad Commission hesitated Apr. 21 to make a decision on prorationing of oil production in the state amid a market downturn more severe than any in decades.
The commissioners debated the matter during a webcast meeting and decided to hold off on a vote until May 5. Chairman Wayne Christian and Commissioner Christi Craddick said they intend to consult with legal staff and the state attorney general in the hope of preventing any action from being hung up in court by lawsuits.
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