Friday, December 13, 2013

ConocoPhillips to Increase Bakken Spending

ConocoPhillips recently announced a 2014 capital expenditures budget of $16.7 billion for continuing operations. Approximately 55 percent of the budget is allocated toward North America and 45 percent toward Europe, Asia Pacific and other international businesses. The company's press release referenced increased investment in development drilling programs in the Eagle Ford, Bakken and Permian, but no specific amounts were given. More

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