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MI - Williams capex in 2020 to be down $1B as Northeast cuts back - January 2020

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Williams expects to spend about $1.2 billion on capex in 2020, $1 billion less than in 2019, officials said at its annual analyst day. The 2019 figure of $2.2 billion also came in $200 million below the midpoint of its 2019 forecast range as Williams responded to reduced drilling activity. Transmission projects will take up a bigger slice of the company’s growth capex pie this year versus gathering and processing spending. Transmission will make......
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