diff --git a/yarn-project/pxe/src/contract_function_simulator/oracle/utility_execution.test.ts b/yarn-project/pxe/src/contract_function_simulator/oracle/utility_execution.test.ts
index 995de85f15f1..3cdc8bd81bcd 100644
--- a/yarn-project/pxe/src/contract_function_simulator/oracle/utility_execution.test.ts
+++ b/yarn-project/pxe/src/contract_function_simulator/oracle/utility_execution.test.ts
@@ -3,6 +3,7 @@ import { BlockNumber, EpochNumber, SlotNumber } from '@aztec/foundation/branded-
 import { Grumpkin } from '@aztec/foundation/crypto/grumpkin';
 import { Fr } from '@aztec/foundation/curves/bn254';
 import { GrumpkinScalar } from '@aztec/foundation/curves/grumpkin';
+import { promiseWithResolvers } from '@aztec/foundation/promise';
 import { MembershipWitness } from '@aztec/foundation/trees';
 import type { KeyStore } from '@aztec/key-store';
 import { openTmpStore } from '@aztec/kv-store/lmdb-v2';
@@ -35,11 +36,13 @@ import {
   CallContext,
   Capsule,
   DroppedTxReceipt,
+  type GetTxReceiptOptions,
   GlobalVariables,
   MinedTxReceipt,
   TxEffect,
   TxExecutionResult,
   TxHash,
+  type TxReceipt,
   TxStatus,
 } from '@aztec/stdlib/tx';
 
@@ -761,6 +764,51 @@ describe('Utility Execution test suite', () => {
         expect(aztecNode.getTxReceipt).toHaveBeenCalledTimes(3);
       });
 
+      it('bounds concurrent batched tx-effect reads', async () => {
+        const service = new EphemeralArrayService();
+        const oracle = makeOracle({ scopes: [scope] });
+        const txHashes = Array.from({ length: 17 }, () => TxHash.random());
+        const reads = txHashes.map(txHash => ({
+          txHash,
+          deferred: promiseWithResolvers<MinedTxReceipt<{ includeTxEffect: true }>>(),
+        }));
+
+        aztecNode.getTxReceipt.mockImplementation(
+          <TGetTxReceiptOptions extends GetTxReceiptOptions = {}>(txHash: TxHash) => {
+            const read = reads.find(({ txHash: candidate }) => candidate.equals(txHash));
+            if (!read) {
+              throw new Error(`unexpected tx hash ${txHash}`);
+            }
+            return read.deferred.promise as Promise<TxReceipt<TGetTxReceiptOptions>>;
+          },
+        );
+
+        const resultPromise = oracle.getTxEffects(EphemeralArray.fromValues(service, txHashes));
+        await Promise.resolve();
+        await Promise.resolve();
+
+        expect(aztecNode.getTxReceipt).toHaveBeenCalledTimes(16);
+
+        reads[0].deferred.resolve(makeMinedReceipt(reads[0].txHash));
+        await Promise.resolve();
+        await Promise.resolve();
+
+        expect(aztecNode.getTxReceipt).toHaveBeenCalledTimes(16);
+
+        for (const read of reads.slice(1, 16)) {
+          read.deferred.resolve(makeMinedReceipt(read.txHash));
+        }
+        await Promise.resolve();
+        await Promise.resolve();
+
+        expect(aztecNode.getTxReceipt).toHaveBeenCalledTimes(17);
+
+        reads[16].deferred.resolve(makeMinedReceipt(reads[16].txHash));
+
+        const result = await resultPromise;
+        expect(result.readAll(service).every(option => option.isSome())).toBe(true);
+      });
+
       it('does not share batched tx-effect reads across utility executions', async () => {
         const service = new EphemeralArrayService();
         const txHash = TxHash.random();
diff --git a/yarn-project/pxe/src/contract_function_simulator/oracle/utility_execution_oracle.ts b/yarn-project/pxe/src/contract_function_simulator/oracle/utility_execution_oracle.ts
index 125650e48871..55dd06363f57 100644
--- a/yarn-project/pxe/src/contract_function_simulator/oracle/utility_execution_oracle.ts
+++ b/yarn-project/pxe/src/contract_function_simulator/oracle/utility_execution_oracle.ts
@@ -79,6 +79,8 @@ import type { TransientArrayService } from '../transient_array_service.js';
 import { buildACIRCallback } from './acir_callback.js';
 import type { IMiscOracle, IUtilityExecutionOracle } from './interfaces.js';
 
+const TX_EFFECT_READ_CONCURRENCY = 16;
+
 /** Args for UtilityExecutionOracle constructor. */
 export type UtilityExecutionOracleArgs = {
   callContext: CallContext;
@@ -696,7 +698,14 @@ export class UtilityExecutionOracle implements IMiscOracle, IUtilityExecutionOra
     }
 
     const uniqueTxHashes = uniqueBy(hashes, h => h.toString());
-    const options = await Promise.all(uniqueTxHashes.map(txHash => this.#getTxEffectOption(txHash)));
+    const options: Option<TxEffectData>[] = [];
+    for (let i = 0; i < uniqueTxHashes.length; i += TX_EFFECT_READ_CONCURRENCY) {
+      options.push(
+        ...(await Promise.all(
+          uniqueTxHashes.slice(i, i + TX_EFFECT_READ_CONCURRENCY).map(txHash => this.#getTxEffectOption(txHash)),
+        )),
+      );
+    }
     const optionsByHash = new Map(uniqueTxHashes.map((txHash, i) => [txHash.toString(), options[i]]));
 
     return EphemeralArray.fromValues(