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E&P 2020 Revision Tracker: Capex, D&C, Rigs, Frac Crews, Exec Pay Cuts
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Realtime- E&P Company capex, rigs and frac spread changes.
Shale Experts will continue to update this with any new changes or developments in the coming days and weeks.
Thursday April 16, 2020 ConocoPhillips said its capex will be $4.3 billion down 32% form 2019 and 27% from prior guidance. The company is also cutting 200Mboe/d of net production, which includes 70Mbbld/d from Canada and 125 Mbo/d from the lower 48 operations. Callon the company said its cutting it is cutting is planned rig count to 3 and completion crews to 1 for the starting May 2020. The company also plans to do a reverse stock split. Wednesday April 15, 2020 Cimarex said it is cutting its capex by 43% from the initial guidance and 44% from last year. The company has suspended all completion actiities and…- ✓ Full news archive — U.S., Canada & international coverage
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