SOURCE: Industrial Info Resources

Industrial Info Resources

December 15, 2015 07:30 ET

More North American Oil & Gas Producers Announce Reduced Capex for 2016, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Dec 15, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- For much of the Oil & Gas Production Industry, 2016 could well be known as the Year of the Cutbacks, as companies dial back on capital expenditures amid tough markets, refocus their spending and see the completion or push-back of major projects. In recent days, ConocoPhillips Company (NYSE:COP) (Houston, Texas), Chevron Corporation (NYSE:CVX) (San Ramon, California) and Encana (NYSE:ECA) (Calgary, Alberta) have each announced their capital expenditure plans for the upcoming year will be far less than this year.

Within this article: Capital expenditure plans for 2016 by ConocoPhillips Company (NYSE:COP), Chevron Corporation (NYSE:CVX) and Encana (NYSE:ECA).

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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