'My stance is if we don't do something quickly in the face of a pandemic, you are going to cripple this domestic industry on the other side,' CEO Matt Gallagher told CNBC.
that the state of Texas must issue an oil production cut, or risk putting almost 1 million jobs across the country in jeopardy.
Parsley, which is based in Austin, Texas, is one of a handful of operators that has existing production capacities to cover debt without new drilling, Gallagher said in the interview. The oil company is among the producers in favor of a prorate, or production reduction.
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