Texas regulators hear arguments for, against limiting oil output

Pioneer Natural Resources Co. (NYSE: PXD) wants the Texas Railroad Commission to do something it hasn’t done in nearly half a century.

The Irving-based exploration and production company made its case in favor of limiting the state’s output of oil to the regulating body April 14. More than 50 speakers — including other industry executives, stakeholder associations and experts — were slated to discuss pros and cons of proration during the virtual meeting.

Pioneer Chief Executive Scott Sheffield…


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