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Odessa American in Odessa, Texas

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Jan 14, 2015

Page

6

ECISD faces 6.5 million overrun in 129.7 million bond plan

ECISD trustees reviewed cost overruns on the 129.7 million bond with about 6.5 million over budget. Value engineering and more bids are sought as Permian High renovations plus kitchen and cafeteria work run about 30 percent above budget. The district plans new commencement policy to raise graduation standards effective 2016 and discusses campus safety, discipline, and updates to playground equipment and district boundaries.

ECISD Permian High School David Finley Finley CMAR Lee Lewis Lubbock Tom Crowe Crowe

Diamondback trims 2015 capex as oil slump hits Midland

Midland based Diamondback Energy will cut 2015 capital expenditures by about 40 percent to up to 450 million dollars and run three horizontal rigs instead of eight. The firm targets 50 to 60 wells, a 30 percent cut from 2014, with two horizontals and one vertical to be spud in February. CEO Travis Stice cites capital discipline amid lower prices and expects cash flow positive in H2 if WTI stays near 50 dollars.

Diamondback Energy Diamondback Travis Stice Stice West Texas Concho

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