Gastar cuts 2015 spending by 33%

US producer Gastar Exploration has chopped its spending plans for next year by 33%, a clear signal that falling crude prices are starting to squeeze smaller shale producers.

Spending cut: Gastar reduces capex budget
Spending cut: Gastar reduces capex budget
Published 7 November 2014, 00:44Updated 11 October 2016, 16:10
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