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Vol. 7, No. 35 Week of September 01, 2002
Providing coverage of Alaska and northern Canada's oil and gas industry


Key North American E&P companies keep tight grip on capital spending

U.S. and Canadian independents make only cautious moves to pump up spending, while paying attention to bottom lines and debt reduction

Gary Park

PNA Canadian Correspondent

Edgy about continuing price volatility and uncertain about economic recovery, North America’s independent E&P companies are exercising prudence in converting their cash reserves into higher capital spending. Having been accused of overpaying for assets last year when the market was at its peak, man....

    [additional news subjects in this story]

Analysts predict capital declines

Devon Energy

Anadarko Petroleum

Burlington Resources


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