Northern Oil & Gas, Inc. deferred dispensing formal guidance for the year but said that it expects to spend about $200 million this year if oil prices stay below $40/bbl for the majority of 2020. The new budget represents over a 55% cut from the $421 million spent in 2019. The company said that 2020 free cash flow is projected to be “significant,” even assuming $30/bbl for WTI. “This capital plan, and the likely......
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