March 16, 2020 / 5:46 PM / a day ago

FACTBOX-North American oil producers slash budgets by about 30% amid crude price rout

 (Updates Marathon Oil)
    April 8(Reuters) - North American oil and gas producers have cut their 2020 budgets by more than 30%, or $37.3 billion, data compiled by
Reuters showed, following a slump in crude prices.
    Since Saudi Arabia and Russia launched an oil price war on March 9, Brent crude has fallen nearly 30% to around $32 a barrel and
U.S. crude has fallen more than 40% to about $24 a barrel. The world is also witnessing one of its biggest demand shocks, as global
travel curbs to prevent the spread of coronavirus have reduced oil consumption by millions of barrels per day.   
   Exxon Mobil on Tuesday cut its spending by 30%, joining a long list of companies including Chevron Corp, Conocophillips
, Occidental Petroleum Corp, as well as Canadian Natural Resources Ltd and Suncor Energy Inc. 
    A list of companies that have cut their 2020 budgets since March 9:

    
                                                                                                            % change                 
 Exxon Mobil Corp                                         $23,000.00           $33,000.00      -$10,000.00   -30.30%  April 7        nBw94GzpVa
 Chevron Corp                                             $16,000.00           $20,000.00       -$4,000.00   -20.00%  Mar.24         nL1N2BH0MD
 ConocoPhillips*                                           $5,900.00            $6,600.00         -$700.00   -10.61%  Mar.17         nL4N2BB3Y0
 EOG Resources Inc                                         $4,500.00            $6,500.00       -$2,000.00   -30.77%  Mar. 16        nPn6bCnd5a
 Suncor Energy Inc^^                                       $2,920.00            $3,960.00       -$1,040.00   -26.26%  Mar. 23        nGNX14k4Lj
 Occidental Petroleum Corp                                 $2,800.00            $5,300.00       -$2,500.00   -47.17%  Mar. 25        nPn9F23Pya
 Hess Corp                                                 $2,200.00            $3,000.00         -$800.00   -26.67%  Mar. 17        nL4N2BA3QS
 Canadian Natural Resources Ltd^^                          $2,050.00            $2,800.00         -$750.00   -26.79%  Mar. 18        nL4N2BB5BU
 Concho Resources Inc                                      $2,000.00            $2,700.00         -$700.00   -25.93%  Mar. 17        nL4N2BA3CT
 Marathon Oil Corp                                         $1,300.00            $2,400.00       -$1,100.00   -45.83%  April 8        nL4N2BW2YY
 Pioneer Natural Resources Co                              $1,800.00            $3,300.00       -$1,500.00   -45.45%  Mar. 16        nBw1dKbZZa
 Husky Energy Inc^^                                        $1,740.00            $2,390.00         -$650.00   -27.20%  Mar. 12        nL4N2B55OP
 Diamondback Energy Inc                                    $1,700.00            $2,900.00       -$1,200.00   -41.38%  Mar. 19        nGNXyWXc8
 WPX Energy Inc                                            $1,337.50            $1,737.50         -$400.00   -23.02%  Mar. 18        nPn1XqmSZa
 Noble Energy Inc                                          $1,200.00            $1,700.00         -$500.00   -29.41%  Mar. 12        nBw7WbMkSa
 Continental Resources Inc                                 $1,200.00            $2,650.00       -$1,450.00   -54.72%  Mar. 19        nL4N2BC3NH
 EQT Corp                                                  $1,125.00            $1,200.00          -$75.00    -6.25%  Mar.16         nL4N2B94CQ
 Apache Corp                                               $1,100.00            $1,750.00         -$650.00   -37.14%  Mar. 12        nL4N2B53RC
 Devon Energy Corp                                         $1,000.00            $1,800.00         -$800.00   -44.44%  Mar. 30        nGNXc9XSSP
 Parsley Energy Inc* **                                    $1,000.00            $1,700.00         -$700.00   -41.18%  Mar. 18        nPn1XqmSZa
 Murphy Oil Corp                                             $780.00            $1,450.00         -$670.00   -46.21%  April 1        nBw4C72cFa
 PDC Energy Inc                                              $814.00            $1,050.00         -$236.00   -22.48%  Mar. 11        nGNX3pD7t8
 Imperial Oil Ltd^^                                          $807.53            $1,160.00         -$352.47   -30.39%  Mar. 31        nBw8xlKxNa
 Cimarex Energy Co                                           $715.00            $1,300.00         -$585.00   -45.00%  Mar. 17        nPnn4Q0Ca
 Callon Petrlouem Co                                         $712.50              $975.00         -$262.50   -26.92%  Mar. 17        nL4N2BA3QS
 Cenovus Energy Inc^^                                        $567.05            $1,020.00         -$452.95   -44.41%  April 2        nGNX8pN9gk
 Seven Generation Energy Ltd                                 $635.00              $776.00         -$141.00   -18.17%  Mar. 10        nBw8plrg9a
 Crescent Point Inc^^                                        $539.61              $827.40         -$287.79   -34.78%  Mar. 16        nL4N2B94CQ
 Range Resources Corp                                        $430.00              $520.00          -$90.00   -17.31%  Mar. 31        nGNX70m75k
 Whiting Petroleum Corp                                      $417.50              $602.50         -$185.00   -30.71%  Mar. 16        nBw5n2PcLa
 Talos Energy Inc*                                           $392.50              $533.00         -$140.50   -26.36%  Mar. 11        nPrehLbJta
 Centennial  Resource Development Inc*                       $320.00              $640.00         -$320.00   -50.00%  Mar. 19        nGNXQPbXR
 Laredo Petroleum Inc                                        $290.00              $450.00         -$160.00   -35.56%  Mar. 23        nGNXbJqBfk
 Arc Resources Ltd^^                                         $217.00              $361.00         -$144.00   -39.89%  Mar. 13        nCNW686g1a
 Birchcliff Energy Ltd^^                                     $207.00              $254.00          -$47.00   -18.50%  Mar. 11        nGNX1h7dc3
 Baytex Energy Corp^^                                        $190.15              $371.61         -$181.46   -48.83%  Mar. 19        nGNX9CYGt7
 Montage Resources Corp                                      $155.00              $200.00          -$45.00   -22.50%  Mar. 25        nBw8ZD9Hda
 Paramount Resources Ltd^^                                   $150.39              $276.59         -$126.20   -45.63%  Mar. 19        nCNWn8Dbwa
 Meg Energy Corp^^                                           $145.00              $182.00          -$37.00   -20.33%  Mar. 10        nCNWRBFGYa
 Whitecap Resources Inc^^                                    $141.73              $248.89         -$107.16   -43.06%  Mar. 17        nCNW08xW3a
 Frontera Energy Corp*                                       $140.00              $350.00         -$210.00   -60.00%  Mar. 23        nPn8xz2z4a
 Parex Resources Inc                                         $105.00              $225.00         -$120.00   -53.33%  April 2        nGNX1JPxqH
 Denbury Resources Inc                                       $100.00              $180.00          -$80.00   -44.44%  Mar. 31        nGNX7FPFR7
 Kelt Exploration Ltd^^                                       $99.00              $154.00          -$55.00   -35.71%  Mar. 18        nNFCzhpXk
 Bonanza Creek Energy Inc                                     $90.00              $225.00         -$135.00   -60.00%  Mar. 12        nGNX4qJdvs
 Jadestone Energy Inc*                                        $87.50              $175.00          -$87.50   -50.00%  Mar. 20        nRSS7616Ga
 GeoPark Ltd                                                  $75.00              $190.00         -$115.00   -60.53%  Mar. 19        nBw3KWn9ja
 Gran Tierra Energy Inc                                       $70.00              $210.00         -$140.00   -66.67%  Mar. 12        nGNX59bXW6
 Athabasca Oil Corp ^^                                        $60.25               $87.00          -$26.75   -30.75%  Mar. 20        nGNX3VfJHm
 Pipestone Energy Ltd^^                                       $43.00              $108.00          -$65.00   -60.19%  Mar. 12        nGNX2pXtrB
 Amplify Energy Corp                                          $29.00               $46.00          -$17.00   -36.96%  Mar. 19        nGNX9ynDH0
 Cardinal Energy Ltd^^                                        $21.44               $45.63          -$24.19   -53.01%  Mar. 18        nGNX3KmQBQ
 W&T Offshore Inc                                             $20.00               $75.00          -$55.00   -73.33%  Mar. 17        nGNX30SgBM
 PetroShale Inc^^                                             $18.28               $49.22          -$30.94   -62.86%  Mar. 26        nCNWZ64pfa
 Gear Energy Ltd^^                                             $9.00               $34.58          -$25.58   -73.97%  Mar. 11        nCNW79pnla
 TransGlobe Energy Corp*                                       $7.10               $37.10          -$30.00   -80.86%  Mar. 12        nGNX2SJ1mC
                                                                                                                                                
                                                          $86,474.03                           -$37,302.99   -30.38%                            
 
* As calculated by Reuters
** Parsley said it was reducing its 2020 capital budget to less than $1.0 billion
^^ Converted to U.S. dollars from Canadian dollars

 (Reporting by Arathy S Nair, Arunima Kumar and Shanti S Nair in Bengaluru; Editing by Maju Samuel/Arun Koyyur/Sherry
Jacob-Phillips/Uttaresh.V/Ramakrishnan M./Sriraj Kalluvila)
  
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