Pioneer CEO to Argue for 20% Cut to Texas Oil Production in May

Apr.13 — U.S. shale needs a $30 oil price to really save the industry, says Pioneer Natural Resources Chief Executive Officer Scott Sheffield. He discusses the historic OPEC+ output cut and the need for a mandatory production cut in Texas with Bloomberg’s Alix Steel on “Bloomberg Markets.”


In This Story: Texas

Texas is a state in the South Central region of the United States. At 268,596 square miles, and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by both area and population.

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