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Pioneer Natural Resources slashes capital plan by 45% for 2015

2015-02-11 14:17:35| Oil & Gas - Topix.net

Pioneer Natural Resources will cut capital expenditures by 45 percent in 2015 as it reacts to falling crude oil prices, according to the company's 2015 outlook released Tuesday. The capital budget will be $1.85 billion with $1.6 billion for drilling and the remaining going toward building out infrastructure for water and other facilities.

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