Many producers have announced significant cuts in capital expenditures for the next year given the economy and limited access to capital. Devon Energy now has made the same announcement: "Nichols also told analysts that Devon is slashing its capital spending by more than half this year in accordance with the most severe recession in decades. He said Devon is budgeting $3.5 billion to $4.1 billion, compared to $9 billion spent last year."
Tags: Energy
You can expect to find news and breaking legal developments involving the crude oil and natural gas industries, alternative and renewable energy resources, and the latest environmental issues.
Vorys, Sater, Seymour and Pease LLP provides business and legal counsel to clients throughout the United States and around the world. Since its founding in 1909, our firm has grown into one of the largest law firms in the country, with nearly 375 attorneys who are located in nine offices in Ohio, Washington, D.C., Texas, Pennsylvania, California and London.
