US Lower 48 sustains $150 billion in capex cuts to 2017 – Wood Mackenzie
Midland and Delaware basins hold the largest number of undrilled, low-cost tight oil locations HOUSTON, Texas— Of the more than US$370 billion in global capital expenditure cut by upstream developers across 2016 and 2017, US$150 billion will be slashed in the US Lower 48 alone — more than three times any other single country, according to […]
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