Encana Capex Plans Questioned After PetroChina Talks End

Energy analysts last week questioned Encana Corp.’s capital expenditure (capex) plans into 2012 after the unconventional natural gas giant failed to complete a $5.4 billion joint operating agreement with a subsidiary of PetroChina International Ltd.

June 27, 2011

XTO Slashes $1B from Capex, but Output Seen Up 14%

XTO Energy Inc. has sliced more than $1 billion from its 2009 capital expenditure (capex) plans because of low commodity prices and the oversupplied natural gas markets, the company said Tuesday. However, even with the cuts, 2009 gas-weighted production volumes are predicted to jump 14% over 2008 levels.

February 4, 2009

Flush with Cash, Edge Petroleum Expands 2003 Capex

Rapidly rising cash flow from growing production and high commodity prices has led Houston-based Edge Petroleum Corp. to more than double its capital spending budget for the year. The company’s board of directors approved an increase in its 2003 capital spending budget to $35 million, compared to the original $15.3 million budgeted.

September 8, 2003

Raymond James Sees Sharp Capex, Drilling Increases Coming

Although there have been few if any formal announcements about increases in exploration and capital spending, there has been a huge increase in the rig count since it bottomed out a little more than a month ago, indicating producers probably aren’t waiting around to take advantage of a favorable 12-month gas futures strip, Raymond James & Associates said in an equity research note.

May 27, 2002
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