The Williams Companies reduced its
2019 growth capex guidance to $2.3-2.5
billion from $2.7-2.9 billion on forecasts of
weakening activity this year
and beyond from gathering
and processing customers in
the Northeast. The Tulsa-based company
reported Q1 net income that was higher
but revenue that was lower year over year.
Williams still expects Northeast G&P
volumes to increase 15% this year, but
CEO Alan Armstrong said some E&P
customers are already worrying about gas
and NGL price forecasts in the coming
years. “A few producer customers have
focused on......
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