Company News: E&P firms continue to set 2006 capital budget plans

01/09/2006
US-based oil and gas companies continue to report their capital spending plans for 2006. Some of the more recent announcements include:• The $830 million 2006 capital program of Southwestern Energy Co., Houston, will include $338 million for the Mississippian Fayetteville shale gas play in the Arkoma basin in Arkansas (OGJ, Sept. 19, 2005, Newsletter).• Range Resources Corp., Fort Worth, has set a capital budget of $429 million for 2006, excluding acquisitions, up 32% from expected spending in 2005.• Exploration Co., San Antonio, has set a record $40-50 million capital budget for 2006 and warned that rig availability might dictate revisions.• Endeavour Internat...
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