Apache slashes 2016 budget by more than half, sees lower output

25 February 2016, News Wires – Oil and gas producer Apache Corp cut its 2016 capital budget by more than half on Thursday and said output would dip as it weathers a 70 percent slide in crude prices. The company plans to spend $1.4 billion-$1.8 billion in 2016, down more than 60 percent from last year’s […] More »