U.S. exploration and production (E&P) companies arecuttingcapital expenditure (capex) by 35-40% from 2019 as oil prices continue to get hammered and demand is destroyed by the coronavirus pandemic, but spending reductions could be even harsher south of the U.S. border.
Ecuador
Articles from Ecuador
Noble Keeping Marcellus Powder Dry
This year is the first in a multi-year period of growth for Noble Energy Inc. as the company realizes the payoff from “multiple years of exploration success,” CEO Charles Davidson told financial analysts Thursday during an earnings conference call. However, dry gas production from the Marcellus Shale is not part of the windfall, at least not for a while.
February 10, 2012
EnCana Doubles Share Buyback Program
Using the extra money expected to be generated by planned asset sales in Ecuador and the Gulf of Mexico this year, EnCana Corp. plans to double the size of its potential stock buyback to 10% from 5%.
February 8, 2005
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