U.S. OIL CAPEX DOWN
PLATTS - Three aggressive independent Permian Basin upstream operators released capital budgets for 2019 in the last few days that are lower than either prior expectations or actual 2018 spending by at least 12% to 15%, as corporate executives attributed reduced activity to the recent plunge in oil prices.
But large players Diamondback Energy and Parsley Energy and small cap Rosehill Resources, which have had high production growth rates in the West Texas/New Mexico basin in recent years, particularly…
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