U.S. shale explorer Sanchez Energy said it’s the latest to cut its capital plans for 2015 because of slumping oil prices. “In response to the deteriorating commodity price environment, Sanchez Energy has elected to further reduce its 2015 capital plan to a range of $600 million to $650 million,” President and Chief Executive Officer Tony Sanchez said in a statement. The range is nearly 30 percent less than the capital plan announced in November, which the CEO said itself was less than the $1.15 billion envisioned before oil prices started their decline in June. Several international energy companies have reduced their spending plans for the year in response to the bear market for crude oil. Oil prices have lost […]