US E&Ps Remain Disciplined Despite Rising Prices

摘要

US E&Ps are expected to hold the line on conservative capital spending this year, resisting the temptation to open the spigot despite crude's recent run past $70 per barrel. Privately held producers have broadly shunned capital discipline in favor of growth, but their larger publicly traded peers are set to hold the line on budgets set at $40-$45 West Texas intermediate (WTI) crude.