[SVTCobra03]

Devon Energy expects production to rise this year even as it cuts capital spending

http://newsok.com/devon-energy-expects-production-to-rise-this-year-even-as-it-cuts-capital-spending/article/5394312

[thackney]

Yes, oil companies typically have to invest significantly in years before the production completes. 2015 reduction is spending will have a greater impact in 2016 and beyond production than 2015.