Dana Hertneky | News 9
Oil prices had their worst day ever Monday plunging into negative territory. Now some Oklahoma oil producers are asking the state Corporation Commission to step in. The Oklahoma Energy Producers Alliance (OEPA) is asking the Corporation Commission to mandate oil stays in the ground, something that hasn’t been done in decades.
“When some country or countries have an expressed purpose of putting us out of business we need help,” explained Dewey Bartlett, with the OEPA.
So, the OEPA has filed a petition with the Corporation Commission asking them to hold a hearing to determine economic waste is occurring and limit production.