Pioneer CEO Scott Sheffield has been through more ups and downs than just about anyone in the business. This bust, he says, will change everything—forever.
On a special edition of ‘The National Podcast of Texas,’ the West Texas native and former roughneck explains this week’s record-setting price plunge and weighs its long-term impact on the state’s once-thriving energy business.
The ultra-conservative financier wants the government out of the pandemic business, but is open to a bailout of the oil industry.
The energy industry regulator heard arguments on implementing proration in Texas for the first time in half a century. And the meeting got heated.
Don’t be fooled by claims of economic diversification—the city still runs on oil.