Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.
The energy boom has led to a surge in manufacturing plant openings and announcements, but that growth is being endangered by politics, the president of the nation’s manufacturing lobbying group said Tuesday in Houston.
It’s the Massachusetts firm’s third official investment run after eight years of buying and selling North American shale services companies like Fort Worth-based steel drill bit maker Ulterra Drilling Technologies.
A barge crash that spilled enough oil to temporarily shut a stretch of the Mississippi River highlights the transportation risks of the U.S. energy boom just as regulators respond to several rail accidents involving crude.
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