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US E&Ps Trim Capex, Rigs While Waiting for Further Signals

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Several US oil and gas producers are reducing their capital spending for the year in response to the recent sharp fall in crude oil prices, but most seem to be taking the situation in stride for now, with few suggesting that the US shale sector is facing a crisis in the near term.

Topics:
Corporate Strategy, Earnings, Shale, Oil Supply, Rig Count
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