Kenny Dubose did a nice summary of the capital budget cuts. Oil bouncing around in the low $20s today. I saw $8 in 1981 and was not really hoping for a repeat.
Here’s an up to the minute listing of announced cuts in activity by many of the shale operators here in America. Sourced from The Journal of Petroleum Technology
Following the worst week in history for publicly traded oil and gas companies, many producers are not waiting until their next quarterly call to eliminate wide swaths of their exploration and production programs. Oil companies in the US are attempting to weather the storm of an ongoing price war between Russia and Saudi Arabia that ha…