Triangle cutting back on spending in 2015Bakken operator to let some leases expire and some recently acquired properties may be lost, but subsidiaries provide safety net Maxine Herr For Petroleum News Bakken
Though Triangle Petroleum believes low oil prices will be short-lived, it plans to manage its business under the assumption that the price recovery will take 12 to 18 months.
The company plans to spend “significantly less” in 2015 and allow some acreage leases to expire to avoid additional drilling....
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Subsidiaries play huge role Starting the year with slickwater
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