US EPs Remain Disciplined Despite Rising Prices

摘要

US EPs 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.