The U.S. oil and gas industry is entering a period of retrenchment, marked by falling budgets, mass layoffs, and a slowdown in drilling activity. With oil prices hovering near breakeven levels for many producers and a wave of consolidation reshaping the sector, more than twenty publicly traded operators have announced capital expenditure reductions totaling about […] The post U.S. Oil Producers Slash 2025 Spending as Prices Slide and Consolidation Mounts appeared first on OklahomaMinerals.com.
