Low Energy Prices

Canadian shale gas producers slash 2016 spending but plan increased production

Canadian shale producers report big capital efficiency improvement CALGARY _ Shale gas producers in Western Canada are responding to plunging natural gas prices by slashing their 2016 budgets. NuVista Energy Ltd. has cut its budget in half, while Encana Corp. and Painted Pony Petroleum Ltd. have cut their budgets by 25 per cent as natural gas

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