More energy companies with Colorado ties have announced budget cuts nationwide and in the state as low crude oil prices continue with no end in sight.
Crude oil prices for the U.S. settled Thursday at slightly more than $48 per barrel, the lowest level in a month and a far cry from the $100 per barrel prices seen last summer.
And as prices stay stubbornly low, some companies that announced 2015 spending plans in December are updating their plans with additional budget cuts.
Industry experts say…
More energy companies with Colorado ties have announced budget cuts nationwide and in the state as low crude oil prices continue with no end in sight.
Crude oil prices for the U.S. settled Thursday at slightly more than $48 per barrel, the lowest level in a month and a far cry from the $100 per barrel prices seen last summer.
And as prices stay stubbornly low, some companies that announced 2015 spending plans in December are updating their plans with additional budget cuts.
Industry experts say…