Capital

Newly formed exploration company Teal Natural Resources LLC recently received capital commitments totaling $125 million from two private investment firms.

Royal Dutch Shell plc has reduced its 2016 capital spending by another 10% and warned Wednesday that low natural gas and oil prices are continuing to weigh on executing expansion plans in North America.

Anadarko Petroleum Corp. stands ready to execute, once prices stabilize, on a big stack of domestic opportunities in the deepwater Gulf of Mexico, as well as the Denver-Julesburg (DJ) and Permian basins, as costs are coming down and efficiencies are moving up.

Royal Dutch Shell plc has reduced its 2016 capital spending by another 10% and warned Wednesday that low natural gas and oil prices are continuing to weigh on executing expansion plans in North America.

Anadarko Petroleum Corp. stands ready to execute, once prices stabilize, on a big stack of domestic opportunities in the deepwater Gulf of Mexico, as well as the Denver-Julesburg (DJ) and Permian basins, as costs are coming down and efficiencies are moving up.

Denver-based DCP Midstream LLC, the largest natural gas processor in the country, has reduced its workforce by 10% and slashed capital spending for 2016.

Exco Resources Inc. became the latest operator to make moves to preserve liquidity on Wednesday, slashing its capital expenditures (capex) budget for 2016 by more than two-thirds and announcing plans to spud and complete just a handful of wells in the Haynesville and Bossier shales.

Rex Energy Corp. detailed a difficult fourth quarter late Tuesday in its year-end financial results, offering little information about financial initiatives to generate more liquidity and postponing the usual conference call.

ExxonMobil Corp. has sharply reduced its capital spending plans this year but management is eyeing potential acquisitions while commodity prices are weak, CEO Rex Tillerson said Wednesday. The only issue is that sellers still have unrealistic price expectations, he said during the annual analyst conference in New York City.