Exploration & Production | Capital Markets | Capital Expenditure
2015 E&P Budgets and Drilling Programs: Cuts and Increases
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As 2015 capital spending plans begin to emerge, Shale Experts is actively tracking all aspects of the budgets, from monetary to development. Many companies are planning budget cuts due to falling oil prices.
Capital Budgets and Drilling Programs Database
Some notable developments include:
Apache Corp.Apache will be spending $1.4 billion less than in 2014. Of the preliminary $4.0 billion 2015 budget, the bulk of it will be spend in the Permian Basin.
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Continental ResourcesContinental will be making a $600 million cut to its 2015 spending in addition to planning no new rig additions. The revised 2015 budget is $4.6 billion.
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Chesapeake Energy Corp.Chesapeake Energy is maintaining 2014 CapEx level of spending for 2015, despite a lower oil price predicted in the next…
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