Apache is halting almost all development drilling onshore North America and using its few remaining rigs there to test new formations and techniques in a move that bucks the trend set by fellow US independents.
At one time, Apache was the most active driller in the US, running as many as 93 rigs in North America but the Houston-based giant will soon have cut its rig count to just four while cutting its capital spending by 86% from 2014 levels to between $1.4
