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.
Diamondback Energy, Inc. has paid $174 million for a stake in 6,450 acres of leasehold interest in the Permian Basin that it believes could be a contender for horizontal drilling, the company announced Tuesday.
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