Exploration and production (E&P) companies that chased natural gas liquids (NGL) targets in the second quarter may have spent more than they had planned and could be forced to raise full-year 2012 capital expenditure (capex) guidance or cut incremental activity, which in turn would affect production growth, according to Tudor, Pickering, Holt & Co. (TPH).
Chased
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Analyst: Low Prices Mean E&Ps Face Spending More or Cutting Activity
Exploration and production (E&P) companies that chased natural gas liquids (NGL) targets in the second quarter may have spent more than they had planned and could be forced forced to raise full-year 2012 capital expenditure (capex) guidance or cut incremental activity, which in turn would affect production growth, according to Tudor, Pickering, Holt & Co. (TPH).
July 23, 2012
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