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MI - Midstream feeling the pinch as US producers slow down - February 2020



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Even midstream companies are not immune to the US land slowdown or investor pressure to watch their spending. The first companies to report their earnings seemed focused on stressing the modesty of their capex plans as they prepare for slower growth. How much slower is a matter of debate. Plains All American Pipeline expects Permian Basin crude production to increase just 400,000 bo/d in 2020, a small fraction of growth in the past two......
 
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