Sanchez Energy cuts capital spending by nearly 50 percent – HBJ

Houston-based Sanchez Energy Corp. (NYSE: SN) is slashing its 2015 capital spending by nearly 50 percent from its original plan because of falling oil and gas prices.Although Sanchez has been one of the fastest-growing energy companies in Houston, the upstream energy company is following the thinking of other companies that have eased up on their new exploration and production projects with oil prices currently below $50 a barrel.

via Sanchez Energy cuts capital spending by nearly 50 percent – Houston Business Journal.

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