Pioneer Founder Considers Asking FTC to Rescind Exxon Board Ban

Scott Sheffield, the shale pioneer who sold his company to Exxon Mobil Corp. and was banned from its board by the US Federal Trade Commission, said he’s considering asking the regulator to rescind a ban on him being part of the oil major’s board.

As part of its review of Exxon’s $63 billion takeover of Pioneer Natural Resources Co, the antitrust agency said last year it found evidence Sheffield sought to communicate with OPEC and US peers about oil pricing and output. The FTC ultimately approved the sale but barred Sheffield from joining Exxon’s board.

Sheffield sued the ...