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States Step in Before Feds Offer Aid to Oil Producers, an Industrial Info Market Brief

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Industry Segment: Market Brief | Word Count: 55 Words

Oklahoma has ruled that oil companies in the state can cease production and still retain their leases. More than half of the rigs in the state have been shut-in since the beginning of 2020. New Mexico granted a 30-day production cease on April 21. Texas and North Dakota are currently considering similar relief.

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