A substantial number of midstream companies have released capital spending updates since early March as the collapse in oil prices quickly shifted the reality for midstream, and volumes came into question. While capital expenditures were already moderating (we estimate capex peaked in 2018 or 2019), most companies have further reduced growth capital spending to preserve financial flexibility and recalibrate plans for an environment of production declines. The table below summarizes midstream capex reductions for 2020, focusing on companies that have released updates since early March and including the percentage changes relative to initial company