Following the coronavirus (Covid-19) pandemic, U.S. oil and gas companies have cut back their spending due to uncertainty. Companies like Parsley, Goodrich Petroleum, and Continental have reduced capital expenditures in 2020 by over 50 percent in comparison to 2019.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.
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Axios. (March 23, 2020). Reduced capital spending in select independent oil and gas companies due to coronavirus (Covid-19) in the United States between 2019 and 2020 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/1109411/covid-19-us-oil-gas-company-spending/
Axios. "Reduced capital spending in select independent oil and gas companies due to coronavirus (Covid-19) in the United States between 2019 and 2020." Chart. March 23, 2020. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/1109411/covid-19-us-oil-gas-company-spending/
Axios. (2020). Reduced capital spending in select independent oil and gas companies due to coronavirus (Covid-19) in the United States between 2019 and 2020. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/1109411/covid-19-us-oil-gas-company-spending/
Axios. "Reduced Capital Spending in Select Independent Oil and Gas Companies Due to Coronavirus (Covid-19) in The United States between 2019 and 2020." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 23 Mar 2020, /statistics/1109411/covid-19-us-oil-gas-company-spending/
Axios, Reduced capital spending in select independent oil and gas companies due to coronavirus (Covid-19) in the United States between 2019 and 2020 ÌÇÐÄÆƽâ°æ, /statistics/1109411/covid-19-us-oil-gas-company-spending/ (last visited July 30, 2026)
Reduced capital spending in select independent oil and gas companies due to coronavirus (Covid-19) in the United States between 2019 and 2020 [Graph], Axios, March 23, 2020. [Online]. Available: /statistics/1109411/covid-19-us-oil-gas-company-spending/
