Current /CL:NMX Stock Info

Budget layouts and capital expenditure plans for 2016 are trickling onto the newswires, with EQT Corp. (ticker: EQT), Noble Energy (ticker: NBL) and PDC Energy (ticker: PDCE) all unveiling their plans within the week. To date, the plans are mirror images of 2015: less spending, more production.

Spending for 2015 was significantly below 2014 levels. Based on EnerCom’s E&P Weekly Benchmarking Report, the average 2015 capex (on a trailing twelve month basis) decreased by 15% in Q3’15 compared to the prior year’s period. It’s worth mentionin...

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