By Jack MoneyBusiness writer jmoney@oklahoman.comOklahoma is one gassy place.Oklahoma is one gassy place. Up for debate is a question about whether the state’s 8 billion cubic feet per day of production is wasting a precious natural resource. Backers of a plan to crimp the allowable production from unallocated natural gas wells within Oklahoma argue that’s the case, suggesting that reducing chronic oversupplies of the product could help improve its price. But not all Oklahoma energy producers agree. During a technical conference held by the Oklahoma Corporation Commission last week to discuss the issue, differing views were expressed. While the founder of one privately owned exploration and production company told representatives of the agency’s Oil and Gas Conservation Division the agency should curtail production, representatives of two publicly traded companies countered that allowable production limits should be left unchanged. A representative from a third publicly traded company, meanwhile, indicated it supports a reduction of allowable flows, but to a lesser degree than what the private producer seeks. The agency’s three elected commissioners also attended, asking plenty of questions. It is their decision to make. Debate nothing new The commission has had the power to control the production of natural gas and (at one time) oil in Oklahoma since the 1930s under state law and rules enabling it to conserve natural resources, protect public safety and to promote economic development. The issue dominated newspaper front pages across the state then, when Gov.Read more on NewsOK.com