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Natural gas slowdown costs at least $1.5B in capital spending in 2015

2015-03-10 22:28:04| Oil & Gas - Topix.net

Most publicly traded drillers in the Marcellus Shale have cut back on their spending plans for 2015, although Southwestern Energy is upping its capital spending. Five natural-gas producers with significant operations in southwestern Pennsylvania have reduced their capital budgets collectively by 23 percent - or $1.5 billion - according to numbers reported in operational guidance.

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