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Oasis Petroleum's 2015 CapEx to Halve

Posted by December 10, 2014

Oil producer Oasis Petroleum Inc's capital budget will nearly halve next year as global crude prices plunge.

The company said it expected to spend $750 million-$850 million in 2015. Of its 2014 budget of $1.43 billion, Oasis had spent $1.1 billion as of Sept. 30.

 

Reporting by Kanika Sikka

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