OEPA asks Corporation Commission to curb oil production
Daisy Creager | The Journal Record
The Oklahoma Energy Producers Alliance is requesting that the Oklahoma Corporation Commission restrict oil production in the state amid a crisis in the industry.
In a letter submitted to the commission, OEPA President David Little and Chairman Dewey Bartlett cite efforts taken by others, including U.S. Sens. James Lankford and Jim Inhofe’s request that the U.S. Department of Commerce investigate dumping accusations against Saudi Arabia and Russia and the Texas Railroad Commission’s consideration of curbing Texas oil production by 500,000 barrels per day.
In a release about the letter, the organization argues Oklahoma “needs to step up and do its part.”
“We believe that these trying times call for the Oklahoma Corporation Commission to immediately exercise its authority and determine whether Oklahoma oil is being sold below its “actual value,” a prohibited activity, and take appropriate actions to protect Oklahoma’s oil and gas reserves,” the organization writes in the letter.