Coronavirus in Oklahoma: Reported talks boost crude prices, but Oklahoma producers want more done

The Oklahoma Energy Producers Alliance, a group that represents many operators of older, vertical wells across the state, issued its own call to action to the Oklahoma Corporation Commission this week, seeking for the state agency to use authority granted to it under state law to force operators to reduce their crude oil production, for now.

“Oklahoma oil is now selling below $20 per daily barrel, which is a price well below its ‘actual value,’” Dewey Bartlett Jr., the alliance’s chairman, stated as part of the announcement.

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