Sanchez Vows Capital Discipline, Slashes 2018 Capex

摘要

South Texas Eagle Ford Shale operator Sanchez Energy has slashed its capital budget for 2018 compared to last year and expects to keep spending flat for the next three years as it tries to live within cash flow. Sanchez plans to spend $420 million-$470 million in 2018, a reduction of around $100 million at the midpoint from 2017 levels.