Texas Regulators Decline to Force Oil Cuts, but Producers Are Cutting Anyway

Texas regulators declined to act Tuesday on a proposal to limit state oil production, but the U.S. shale industry is cutting anyway.

The Railroad Commission of Texas, which regulates the oil-and-gas industry in America’s largest oil-producing state, deferred until May 5 a decision on whether to make operators curtail production for the first time since the 1970s. Officials in North Dakota and Oklahoma also are considering curtailments.

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Texas Regulators Decline to Force Oil Cuts, but Producers Are Cutting Anyway

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