Apache Reduces Capex [url=https://www.reuters.com/article/us-apache-outlook/oil-producer-apache-cuts-2019-capital-spending-idUSKCN1PW2W5?rpc=401&][/url]
"U.S. oil and gas company Apache Corp said on Thursday it expects to spend much less on exploration and production this year than originally planned, becoming the latest shale producer to cut capital spending amid a fall in crude prices.
Apache set a capital budget for oil production of $2.4 billion, saying it was a “significant reduction” from both its earlier 2019 capital plan and its actual investment in 2018.
In October, the company had announced a $3 billion capital program for 2019."