Sanchez slashes spending plans

US independent Sanchez Energy has slashed its capital expenditure budget for this year by 60% due to lower oil prices but has managed to cut costs after requesting a break from its services providers.

Cash cut: Sanzhez slashes capex
Cash cut: Sanzhez slashes capex
Published 7 January 2015, 23:23Updated 7 January 2015, 23:24