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CanElson Drilling cuts capital budget by 80%, reduces dividend by half
2015-01-19 21:03:22| Oil & Gas - Topix.net
CanElson Drilling Inc. says it will reduce its quarterly dividend by 50 per cent, defer the completion of three new drilling rigs, and reduce its capital budget by 80 per cent as a result of low crude oil and natural gas prices. The Calgary-based company says activity remains relatively strong its expects both activity and pricing levels to decline in 2015 in response to what appears to be a prolonged decline in global oil prices.
CanElson Drilling cuts capital budget by 80%, reduces dividend by half
2015-01-19 18:26:01| IT Services - Topix.net
CanElson Drilling Inc. says it will reduce its quarterly dividend by 50 per cent, defer the completion of three new drilling rigs, and reduce its capital budget by 80 per cent as a result of low crude oil and natural gas prices. The Calgary-based company says activity remains relatively strong its expects both activity and pricing levels to decline in 2015 in response to what appears to be a prolonged decline in global oil prices.
Oklahoma City-based Continental Resources cuts 2015 drilling budget
2014-12-23 08:09:28| Electronics - Topix.net
Oklahoma City-based Continental Resources Inc. on Monday slashed its 2015 drilling budget by more than 40 percent but said it still plans to increase production 16 percent to 20 percent from 2014 levels. Continental Resources Inc. on Monday slashed its 2015 drilling budget by more than 40 percent but said it still plans to increase production 16 percent to 20 percent from 2014 levels.
Tags: resources
budget
oklahoma
continental
ConocoPhillips cuts budget 20 percent amid lower oil prices
2014-12-08 20:28:24| Energy - Topix.net
Amid falling oil prices, ConocoPhillips said Dec. 8 its capital budget for 2015 is $13.5 billion, down about 20 percent from its 2014 budget of $16.7 billion . The Houston-based company said the decrease reflects reduced spending on major projects, several of which are nearing completion, and deferred spending on North American unconventional plays.
Tags: prices
lower
percent
oil
ConocoPhillips cuts budget 20 percent amid lower oil prices
2014-12-08 19:49:19| Oil & Gas - Topix.net
Amid falling oil prices, ConocoPhillips said Dec. 8 its capital budget for 2015 is $13.5 billion, down about 20 percent from its 2014 budget of $16.7 billion . The Houston-based company said the decrease reflects reduced spending on major projects, several of which are nearing completion, and deferred spending on North American unconventional plays.
Tags: prices
lower
percent
oil
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