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Write-Downs Abound for Oil Producers
2015-09-14 12:12:17| Energy - Topix.net
U.S. oil-and-gas producers have written down the value of their drilling fields by more in 2015 than any full year in history, as the rout in commodity prices makes properties across the country not worth drilling. A group of 66 oil and gas producers have taken impairment charges totaling $59.8 billion through June, according to a tally by energy consultancy IHS Herold.
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Category:Energy and Environment
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