Pioneer, Newfield defy low oil prices

摘要

Houston-Pioneer Natural Resources and Newfield Exploration executives outlined con- trarian steps in respective Wednesday earn- ings calls to boost performance in their major US oil resource plays, even as crude prices keep inching lower. Newfield Exploration is raising capital spending by $200 million to $1.4 billion to add acreage and drill more in Oklahoma’s Anadarko Basin, company CEO Lee Boothby said.