Texas RR Commission denies request for oil production cuts, arguing that the free-market should be left to determine how much oil is economical. They say that oil will not recover until the pandemic is behind us. However, the commissioners unanimously decided to relax “various fees including ones that help hire inspectors and plug abandoned wells; gave operators more leeway in cleaning up dirty oil and gas pits in ways that could lower administrative fees for lawbreakers; suspended automatic hearings for some oil and gas operations; and expanded the sorts of underground material in which operators could store crude oil.”
