S&P Global Platts: Prioritizing oil, Texas Railroad Commission rejects challenge to gas flaring permit
Aug 8, 2019 | News Roundup
Aug. 7 — Citing rock-bottom natural gas prices at Texas hubs — where prices go negative at times, forcing producers to pay for gas takeaway — Commissioner Ryan Sitton said shutting in nearly $500,000 per day of oil production coming from Exco Resources’ Briscoe Ranch wells to prevent burning off roughly $10,000 per day of associated gas production would be a waste that the commission is charged with preventing.