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Another driller pulling back spending in Utica shale
2015-01-27 11:36:02| Oil & Gas - Topix.net
Hess Corp. spending in the Utica shale play will drop 42 percent this year, as the oil and gas giant joins the cavalcade of cautious companies reining in U.S. shale development. Hess plans capital expenses of $290 million, down from $500 million last year as the company transitions "at a measured pace in this price environment and as infrastructure builds out," the company said late Monday.
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Category:Energy and Environment
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