Home / Tag Archives: capital expenditure

Tag Archives: capital expenditure

Rex Energy and ArcLight come to an agreement

Rex Energy Corporation (NASDAQ: REXX) and an affiliate of ArcLight Capital Partners LLC have announced the two have formed a joint venture agreement to develop natural gas wells. The two companies will work together to develop 32 specifically designed natural gas wells in Butler County. ArcLight will participate and fund 35 percent of the costs to design the wells.  The ...

Read More »

Global oil and gas exploration spending to slide 17 pct

HOUSTON, Jan 7 – The world’s oil and gas exploration companies are expected to cut capital expenditures 17 percent this year as a deep slump in crude oil prices takes a toll on budgets, according to a survey by Cowen and Company released on Wednesday. The survey, based on an average oil price of $70 per barrel, estimates that global ...

Read More »

Continental Resources announces further budget cuts

Continental Resources (NYSE: CLR) has recently announced its plans to further cut its capital expenditures for the upcoming year but also projects the activity will increase production growth by up to 20 percent when compared to last year. Last month the company announced it would be cutting its budget from $5.2 billion to $4.6 billion. However, those figures have been ...

Read More »