Oil & Gas Companies Slash Capital Budgets, Payrolls, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwired) -- 04/27/15 -- Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Two recent surveys provide quantitative evidence of the difficult conditions facing and their employees. Five producers operating in the Marcellus Shale will trim their 2015 capital spending by $1.5 billion, according to a recent survey by the Pittsburgh Business Times. And a survey from the Federal Reserve Bank of Kansas City (Kansas City, Missouri) showed oil & gas producers operating in its six-state region plan to sharply reduce capital spending and cut employment by more than 12%. Employment at supporting industries was expected to fall much further--19%, respondents told the bank.
Within this article: Capital budget cuts by major oil and gas producers
Companies featured: CONSOL Energy Incorporated (NYSE:CNX), EQT Corporation (NYSE:EQT), Range Resources Corporation (NYSE:RRC), Rice Energy Incorporated (NYSE:RICE), REX Energy Corporation (NASDAQ:REXX), Southwestern Energy Company (NYSE:SWN), Chesapeake Energy Corporation (NYSE:CHK)
For details, , or browse other breaking industrial news stories at .
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 "" page.
Contact:
William Ploch
713-783-5147
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 27.04.2015 - 04:00 Uhr
Sprache: Deutsch
News-ID 1354110
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
SUGAR LAND, TX
Phone:
Kategorie:
Equipment
Anmerkungen:
Diese Pressemitteilung wurde bisher 245 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Oil & Gas Companies Slash Capital Budgets, Payrolls, an Industrial Info News Alert
"
steht unter der journalistisch-redaktionellen Verantwortung von
Industrial Info Resources (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
