(Reuters) – An Oklahoma Judge will recommend the state’s oil and gas regulator approve an emergency order declaring oil production in the state could constitute economic waste, a spokesman for the state’s Corporation Commission (OCC) said on Friday.
The administrative law judge intends to write the recommendation in response to an emergency application by producer LPD Energy Company, the OCC said. If approved by regulators, the motion could allow companies to shut-in wells without losing leases that sometimes require drilling.
Regulators could issue a ruling as soon as next week, the OCC said.
(Reporting by Liz Hampton; Editing by Sandra Maler)
