Oil – Texas shale explorer says it’ll halt drilling if state imposes OPEC-style production caps

Diamondback Energy is on of the biggest Texas shale explorers. Chief Financial Officer Kaes Van’t Hof said the company already is in the process of shutting down 30% of its drilling and would take it to zero if the state clamps down on production. In the event of quotas …  “That turns that industry, the […]

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