Economics
Shale Boom May Finally Have Succumbed to Oil’s Price Slump
- Anadarko pares $300 million from its 2017 capital budget
- Second-quarter loss was worse than analysts expected
JBC's Gory Expects Oil Inventories to Build After Summer
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Oil’s bear market may finally be taking its toll on the shale boom.
Hours after Halliburton Co. warned Monday that explorers are “tapping the brakes" on drilling, Anadarko Petroleum Corp. said it’s trimming spending in the first earnings report this quarter from a major shale producer.