U.S. drillers to cut $150 billion from budgets by 2017, Wood Mac says

July 21, 2016 / By Surprise Valley Resources

Oil producers across the continental United States have snipped more out of their drilling budgets than their rivals in other countries, with plans to shed $150 billion by 2017, Wood Mackenzie says. The energy research firm says that’s three times more spending than producers in any other region have cut. The Eagle Ford Shale in …
Source: FuelFix