South Texas’ largest oil producer, EOG Resources Inc., plans to cut 2020 spending by nearly a third in response to last week’s decline in oil prices.
EOG (NYSE: EOG) is reducing projected annual spending by 31% — or $2 billion, to $4.3 billion to $4.7 billion — in the spending plan it announced just weeks ago. ln a statement to investors on Monday, the Houston-based driller said the spending cut means it will no longer grow its crude oil output by 10% to 14% this year. Instead, the company now…
The system, known as NeuFuel, differs from compressed natural gas because it can be used at a lower pressure than CNG.
Elgin ISD’s board voted unanimously to reject a Chapter 313 application from Solar Proponent that company representatives said were a key determination in whether or
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The Mountain Valley Pipeline’s Southgate Extension, a key source for future natural gas supplies in Duke Energy Corp.’s carbon reduction proposals, has withdrawn all of
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