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Consol Energy cuts 2015 E&P capex budget

By:  
Creamer Media Deputy Editor: North America
 
EXPLORATION & PRODUCTION
US-based fossil fuels producer Consol Energy has revised its 2015 exploration and production (E&P) capital expenditure (capex) budget, saying it was high-grading its development plan to reduce capital in the lower commodity-price environment. The NYSE-listed firm had forecast capex of $920-million this year, down from the $1-billion announced in January.
 
 
 
 
 

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