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COMPANY NEWS: ConocoPhillips approves $14.3 billion capital budget

01/28/2008
Oil and gas companies continue to report their capital spending plans for 2008. Some of the latest include: ConocoPhillips approved a 2008 capital budget of $14.3 billion, including cash capital expenditures and capitalized interest. Talisman Energy Inc. plans to spend $4.4 billion on exploration and development in 2008, down from an estimated $4.6 billion in 2007. Encore Acquisition Co. plans a $445 million capital budget for its 2008 drilling and development program compared with a $370 million drilling and development budget for 2007. TXCO Resources Inc. approved a $100-110 million capital expenditure budget and drilling program for 2008 compared with a $72.4 million budget for 2007.In...
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