Halcon cuts capex on oil price

US independent Halcon Resources said it will trim capital spending next year due to a steep drop in oil prices, the latest producer in the prolific but high-cost Bakken shale to scale back its capital programme.

Halcon Resources: Company led by Floyd Wilson plans to scale back drilling in 2015
Halcon Resources: Company led by Floyd Wilson plans to scale back drilling in 2015
Published 10 November 2014, 22:27Updated 8 January 2015, 21:34