Post Tagged with: "2020 capital spending budget"

Source: Houston Chronicle

Cabot cuts 2020 spending nearly 30% amid weak natural gas prices

Houston Chronicle


Cabot Oil & Gas said Tuesday it will slash its 2020 spending by nearly 30 percent amid historically low natural gas prices.

Cabot, Houston’s largest producer focused entirely on gas, said it will cut 2020 spending to $575 …

Source: Houston Chronicle

ConocoPhillips’ fourth-quarter profit plunges by 60%

Houston Chronicle


ConocoPhillips’ fourth-quarter profit declined by more than 60 percent, to $720 million from $1.9 billion in the same period last year, amid weaker oil prices and production outputs.

Revenue during the quarter dropped by more than 20 percent …