The FTC plans to recommend a possible criminal case against former Pioneer Natural (PXD) CEO Scott Sheffield for comments he made to Texas rivals suggesting they coordinate ways to drill less oil, Semafor’s Liz Hoffman and Gina Chon report, citing people familiar with the matter. Sheffield was barred yesterday by the FTC from sitting on the board of the combined Pioneer-Exxon (XOM) as a condition of approving the deal, and while the FTC doesn’t have criminal authority, it is looking to refer the matter to the DOJ, the people say.
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