US independents rein in capex plans

摘要

Many US shale producers are lowering their 2019 capital expenditure(capex)budgets as they seek to balance their books in a volatile oil market.US independents Pioneer Natural Resources,Marathon Oil and Continental Resources are among the firms that have curtailed their spending plans as they bow to investor pressure to prioritise shareholder returns and debt reduction over chasing production growth.The cuts announced so far are not limited to a particular basin.