Energen
said
it
would
stop
all
drilling
activity
on
the
San
Juan
basin,
when
drilling
on
all
its
highest
return
wells
had
been
completed
“in
light
of
continued
weakness
in
natural
gas
prices.”
The
company
also
cut
its
planned
capital
investment
on
the
San
Juan
basin
by
$45
million
from
the
company-wide
capital
budget
of
$935
million
announced
in
January,
it
told
the
New
York
Stock
Exchange.
“This
capital
reduction
is
a
direct
result
of
the
current
outlook
for
low
natural
gas
prices,”
Energen
said
in
an
announcement.
Instead,
Energen
would
spend
$855
million…
