Oneok announces $500 million decrease in 2020 capital spending

Oneok announces $500 million decrease in 2020 capital spending.oneok inc - a decrease in its 2020 growth capital guidance due to current commodity price environment.oneok inc - now expects fy capital-growth expenditures in range of $1.60 billion to $2.40 billion.oneok inc - updated range provides oneok with flexibility to adjust accordingly based on expected producer activity.oneok inc - expect 2020 results to be within previously announced guidance ranges.oneok inc - working with producers on any updates to their drilling plans.oneok - financial flexibility, significant dividend coverage position oneok well to weather challenging market conditions.oneok inc - suspending 100,000 barrel per day additional expansion of west texas lpg pipeline in permian basin project.oneok inc - suspending 200 million cubic feet per day (mmcf/d) expansion of demicks lake natural gas processing facility.oneok - scope of elk creek pipeline expansion will be reduced.
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