Devon poised to chop Canadian spendingRising costs, weaker natural gas prices indicate cuts, says CEO Larry Nichols; spending decisions based on long-term economics Ray Tyson For Petroleum News
E&P independent Devon Energy, faced with rising operational costs and weaker natural gas prices, plans to reduce spending in Canada next year unless conditions improve.
“While the budget is still very much a work in progress, early indications are that we will reduce activity levels in the conventio....
[additional news subjects in this story]
Long-range outlook ‘very positive’ Activity in Canada already reduced Company continues to invest in oil
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