Dateline City:
HOUSTON
Cuts of nearly 50 percent needed to align spending with cash flow
HOUSTON (Feb. 8, 2016) – The depressed oil price environment is painting a gloomy outlook for North American exploration and production (E&Ps) companies, and further, significant CAPEX cuts are needed in order for the group to demonstrate real financial discipline and align spending more closely with cash flow, according to new analysis from IHS (NYSE: IHS), the leading global source of critical information and insight.
Language:
English
