Shale

Pioneer Natural Resources cuts capex by 45%, drops 11 rigs

Companies join other producers in cutting spending amid oil price collapse

Shale: cuts in spending coming from producers mainly in the Permian basin
Shale: cuts in spending coming from producers mainly in the Permian basinPhoto: REUTERS/SCANPIX
Houston
USShaleEOG ResourcesEQTParsley
Published 16 March 2020, 14:49Updated 16 March 2020, 20:59