Company News: E&P firms continue to report higher capital budgets

Oil and gas companies are still reporting increased capital spending plans for 2006. Among the most recent announcements:• Noble Energy Inc. budgeted capital expenditures of $1.26 billion for 2006, an increase of 40% from last year.• Brigham Exploration Co., Austin, plans capital expenditures in 2006 of $156.9 million, a 32% increase over 2005.• Geocan Energy Inc., Calgary, has approved a 2006 capital program that includes $30 million for the drilling of 34 gross wells (30.33 net), land acquisition, 3D and 2D seismic programs, and facilities projects.In other recent company news:• EnCana Corp. plans to sell its gas storage business interests to the Carlyle-Rive...

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