EnLink Midstream LLC announced Tuesday it has reduced its capital expenditures by about 30 percent for 2020 in an effort to preserve liquidity and flexibility and protect its balance sheet in the midst of a volatile market.
The midstream energy services company is cutting back on capital expenditures related to well connection and associated gathering infrastructure, it said in a statement. The company is also deferring several growth projects across its platform.
A decrease in drilling and completions…