Pacific Rubiales cuts 2015 capital budget to $1.1 bln - $1.3 bln

Wed Jan 14, 2015 6:55pm EST
 
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Jan 14 (Reuters) - Canadian oil and natural gas producer Pacific Rubiales Energy Corp cut its 2015 capital budget to a range of $1.1 billion to $1.3 billion, citing falling oil prices.

The company also denied market rumors regarding its debt obligations.

Pacific Rubiales had earlier forecast a capital budget of $1.5 billion for 2015.

(Reporting By Tanvi Mehta in Bengaluru; Editing by Chris Reese)