Oil & Gas Producers Slash Capital Outlays, Citing Uncertainties over COVID-19, Crude Oil Price War

SUGAR LAND, TEXAS--March 16, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--A growing number of independent oil and gas producers, rocked by the crude oil price war that has driven down prices, and rising concern over what the COVID-19 coronavirus global pandemic could do to oil demand, have announced sharp reductions in their planned 2020 capital expenditures (capex) and are implementing other cash-conserving measures.

Within this article: Details of capital expenditure cuts announced by U.S. and Canadian oil and gas companies.