UPDATE 1-Barclays says E&P spending in N.America could drop 30 pct or more
January 09, 2015 at 06:58 AM EST
Jan 9 (Reuters) - Oil and gas companies could cut spending on exploration and production (E&P) in North America by 30 percent or more this year if U.S. crude oil prices continue to trade in the $50-$60 per barrel range, Barclays said.