SUGAR LAND, TX--(Marketwired - Apr 27, 2015) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Two recent surveys provide quantitative evidence of the difficult conditions facing oil & gas producers and their employees. Five producers operating in the Marcellus Shale will trim their 2015 capital spending by $1.5 billion, according to a recent survey by the Pittsburgh Business Times . And a survey from the Federal Reserve Bank of Kansas City (Kansas City, Missouri) showed oil & gas producers operating in its six-state region plan to sharply reduce capital spending and cut employment by more than 12%. Employment at supporting industries was expected to fall much further--19%, respondents told the bank.

Within this article: Capital budget cuts by major oil and gas producers

Companies featured: CONSOL Energy Incorporated (NYSE:CNX), EQT Corporation (NYSE:EQT), Range Resources Corporation (NYSE:RRC), Rice Energy Incorporated (NYSE:RICE), REX Energy Corporation (NASDAQ:REXX), Southwestern Energy Company (NYSE:SWN), Chesapeake Energy Corporation (NYSE:CHK)

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