CEO Matt Gallagher said he’d reduce his company’s oil output by 20 percent if others agree to the same deal. (Bloomberg) — Parsley Energy Inc., one of two shale drillers pushing Texas to coordinate a statewide cut among all producers, said the 20% curtailment they’ve proposed may not be enough to buoy oil prices. Chief Executive Officer Matt Gallagher said Tuesday in a Bloomberg TV interview he’s willing to reduce his own company’s oil output by 20% if others agree to the same deal and has already started shutting in about 400 “lower-producing wells.” But America’s biggest oil-producing state can’t be the only one curbing supply to solve a global problem of low crude prices, he said. “Canada, Norway, Mexico, Brazil and of course the Big Kahuna, OPEC+, need to come to an agreement,” Gallagher said. Absent a globally coordinated cut, “the service sector would be absolutely crushed and […]